Linde’s revenue fell by 7.3% to €4.3bn in Q2, which brought the H1 number to €8.56bn, a drop of 5.3%. At the same time, EBIT increased by 12% to €562m and 6.5% to €1.09bn, respectively, and the pre-tax numbers were +16% to €468m and +10% to €909m. While revenue fell short of our projected €8.82bn, the two H1 profit numbers are ahead of our €1.02bn and €874m. Management continues to be cautious for the full-year and sees ‘currency-adjust
28 Jul 2016
Lower than expected revenue but higher profits
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Lower than expected revenue but higher profits
Linde’s revenue fell by 7.3% to €4.3bn in Q2, which brought the H1 number to €8.56bn, a drop of 5.3%. At the same time, EBIT increased by 12% to €562m and 6.5% to €1.09bn, respectively, and the pre-tax numbers were +16% to €468m and +10% to €909m. While revenue fell short of our projected €8.82bn, the two H1 profit numbers are ahead of our €1.02bn and €874m. Management continues to be cautious for the full-year and sees ‘currency-adjust