Industrial gases – Things are going well at Linde – Economy
Shortly before its departure from the Frankfurt Stock Exchange, the world’s largest industrial gases group, Linde, presents itself in top form. With a profit growth of eleven percent to 6.2 billion dollars from continuing operations, the American-German company exceeded its own expectations in the past year, as announced by Linde. Adjusted earnings per share climbed to $12.29 thanks to a final spurt. Group sales increased currency-adjusted by 13 percent to 33.4 billion euros. CEO Sanjiv Lamba justified the increase, among other things, with the product portfolio, the density of the sales network and a “rigorous spending discipline”. This means that Linde will survive in an uncertain geopolitical and economic environment in 2023, especially with projects involving renewable energies. Lamba raised the targets for the current year.