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Linde achieves growth in a difficult market environment
All divisions make a positive contribution to the business success of The Linde Group Group outlook for 2015:
Gases Division - Outlook
Recent economic
forecasts indicate that the global gases market will grow at a slightly
faster pace in 2015 than was the case in 2014. Linde remains committed to
its original target in the gases business of outperforming the market and
continuing to increase productivity.
Linde's
international engineering project business had a successful year in 2014.
Revenue and earnings trends reflected the progress made on individual
projects. Revenue in the Engineering Division increased by 7.9 percent to
EUR 3.106 bn (2013: EUR 2.879 bn). Operating profit of EUR 300 m was not
quite as high as the figure for 2013 of EUR 319 m. The operating margin
was 9.7 percent (2013: 11.1 percent), which is well above the industry
average and equal to the target Linde had set itself for the 2014
financial year of around 10 percent.
The market
environment in the international large-scale plant construction business
in 2015 will be much more volatile than in previous years, mainly as a
result of the fall in the oil price. Nevertheless, the Group is well
positioned in the olefin plant, natural gas plant, air separation plant
and hydrogen and synthesis gas plant product areas and also has a high
order backlog. Source: Linde Group
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