Group Interim Management Report

1st quarter 2008:
A solid start for The Linde Group in the new financial year

  • 7.5 percent increase in sales to €2.917 billion after adjusting for exchange rate effects; reported sales growth of 2.0 percent
  • 11.1 percent increase in operating profit* to €602 million after adjusting for exchange rate effects; reported operating profit* up 5.8 percent
  • Adjusted earnings per share up 20.6 percent to €1.29
  • Outlook for 2008 unchanged: Sales expected to increase and earnings expected to rise at a faster rate than sales
  • Medium-term target for 2010 confirmed: operating profit* of more than €3 billion and ROCE (return on capital employed) of at least 13 percent.


* Operating profit: EBITDA before non-recurring items, including share of net income from associates and joint ventures.



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