Despite profit jump: Linde make announces removal to shareholders continues to impress

adjusted for special effects earnings per share are expected to increase in 2020 from 8.00 up to 8.25 US dollars, as the Dax group announced on Thursday in Guil

Despite profit jump: Linde make announces removal to shareholders continues to impress

adjusted for special effects earnings per share are expected to increase in 2020 from 8.00 up to 8.25 US dollars, as the Dax group announced on Thursday in Guildford, near London. 2019, Linde achieved an adjusted earnings per share of 7,34 dollars on a comparable Basis, after 6,19 dollars in the previous year. In the adjusted profit, among other things, costs for the merger are not included.

synergies have contributed in contributed to the jump in earnings clearly

in profit, plus all synergies from the merger. 2019 to 2022, this should amount to a total of $ 1.1 billion. According to the template of current business, Linde-papers have thrown off the numbers on Thursday its losses and climbed with 204 euros to a new all-time high. The papers of the gases and industrial group won in the weaker market environment 2.5 percent. Linde 205,20 EUR +6,15 (+3,09%) Xetra

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To be persisted to the rate of data

sales in 2019, with nearly 28.2 billion dollars on the level of the previous year. Excluding the currency effects, the revenue thanks to higher volume and prices by four per cent in the year increased in comparison. In the continuing business, adjusted profit increased on a comparable Basis by 16 percent to around four billion dollars. The result in 2019 exceeded expectations and the midpoint of the target range for the new year, and that is the market consensus.

Linde is cutting jobs in the German gas business

Despite the profit jump, the gases group, announced a reduction in the German gas business. The from the USA travelled to the chief Executive officer Steve Angel said on Thursday, in Pullach, near Munich: "It will definitely give adjustments." The Bavarian IG-metal-Chef Johann Horn feared that by the end of next year, 850 of the previously 7,000 jobs in Germany shall be deleted.

Angel said: "I don't want to deal with these Numbers." But the German industry and the German gas business schwächelten: "There will be cuts." In Pullach, on the other hand the engineering seats, and have just "had a historically good year". Here, more Posts would be established, although the site with 3300 jobs was three times greater than any other group location.

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hyo/ham/dpa
Updated Date: 13 February 2020, 17:00

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