Germany’s Linde 2012 net profit rises 6.4%, sales up 10.8%

07 March 2013 08:10  [Source: ICIS news]

SINGAPORE (ICIS)--Germany-based industrial gases producer Linde reported on Thursday a 6.4% year-on-year increase in its 2012 net profit to €1.32bn ($1.71bn) due partly to the profit generated by its newly acquired business, Lincare.

Linde’s full year sales revenue rose by 10.8% year on year  to €15.3bn, with its Lincare business contributing €630m, the company said in a statement.

The company’s operating profit rose by 10% year on year to €3.53bn, Linde said.

“In the 2013 financial year, we want once again to generate higher group revenue than in the previous year and to achieve group operating profit of at least €4bn,” said Wolfgang Reitzle, Chief Executive Officer of Linde AG.

The group has also set itself new medium-term targets.

“We are seeking to generate Group operating profit of at least €5bn in the 2016 financial year. In that same year, return on capital employed (ROCE) should reach around 14%,” Reitzle added.

($1 = €0.77)

By: Surinder Malhi
+65 6780 4327

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