‘Old’ Linde AG has released sales and operating profit numbers for 9M18 but nothing else. Revenue fell by 1.7% to just above €13bn (+4.8% organic) while operating profit increased by 4.2% to €3.30bn. Linde’s number is close to EBITDA, but it includes one-offs which we do not include in operating earnings. We had expected a sales number of €12.8bn and EBITDA of €3.15bn.
15 Nov 2018
9M numbers released today not really helpful
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9M numbers released today not really helpful
‘Old’ Linde AG has released sales and operating profit numbers for 9M18 but nothing else. Revenue fell by 1.7% to just above €13bn (+4.8% organic) while operating profit increased by 4.2% to €3.30bn. Linde’s number is close to EBITDA, but it includes one-offs which we do not include in operating earnings. We had expected a sales number of €12.8bn and EBITDA of €3.15bn.