Industrial gas producer Linde reports higher profit and revenues for 2019

Source: Xinhua| 2020-02-14 00:01:48|Editor: yan
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BERLIN, Feb. 13 (Xinhua) -- For the full fiscal year 2019, revenues of Linde increased by 4 percent year-on-year to 28.2 billion U.S. dollars, the German industrial gas producer announced on Thursday.

At the same time, the operating profit was 2.9 billion U.S. dollars while adjusted operating profit excluding negative currency effects increased by 14 percent to 5.3 billion U.S. dollars, according to Linde.

Adjusted earnings per share (EPS) improved by almost 20 percent to 7.34 U.S. dollars, according to Linde which supplies industrial gas to a variety of end markets including aerospace, chemicals, food and beverage and healthcare.

"For the fourth consecutive quarter, Linde delivered double-digit EPS growth," Linde's chief executive officer Steve Angel said.

For the fiscal year 2020, Linde is planning to increase adjusted earnings per share to up to 8.25 U.S. dollars, according to the company.

"We anticipate continued softening of macro-economic conditions, but project double-digit EPS growth from our industry-leading backlog and continued efforts to optimize the business," said Angel.

Referring to Linde's mission statement "making our world more productive", the gas producer was setting new sustainability goals, added Angel and announced that Linde would reduce its greenhouse gas emissions by 35 percent until 2028.