Linde’s consolidated revenue was up by 5% to almost €18bn (we had expected €18.3bn), while EBIT increased by 8% to slightly more than €2bn (€1.95bn) and pre-tax earnings were up by 8% to €1.65bn (€1.56bn). The operating result includes a one-off gain of €42m from the change in the pension scheme which explains the EBIT difference. Management proposes a dividend of €3.45 (vs €3.15 paid for 2014) while we had expected a payment of €3.35.
10 Mar 2016
2015 profits and dividend slightly higher than we had expected
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2015 profits and dividend slightly higher than we had expected
Linde’s consolidated revenue was up by 5% to almost €18bn (we had expected €18.3bn), while EBIT increased by 8% to slightly more than €2bn (€1.95bn) and pre-tax earnings were up by 8% to €1.65bn (€1.56bn). The operating result includes a one-off gain of €42m from the change in the pension scheme which explains the EBIT difference. Management proposes a dividend of €3.45 (vs €3.15 paid for 2014) while we had expected a payment of €3.35.