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Indice: DAX
30
The Linde Group is a world
leading industrial gases and engineering company with more than 53,000
employees working in around 70 countries worldwide. Following the acquisition
of The BOC Group the company has gases and engineering sales of approximately
12 billion euro. The strategy of The Linde Group is geared towards earnings-based
growth and focuses on the expansion of its international business with
forward-looking products and services.
Fiscal
2006: Linde Group improves consolidated sales and profits by double digits
On a comparable basis 10.6
percent rise in sales to 10.516 billion euro
On a comparable basis operating
profit (EBITDA) up 10 percent to 1.876 billion euro
Increase in dividend from
1.40 euro to 1.50 euro per share proposed
Wiesbaden/Munich, March 2,
2007 - The Executive Board of The Linde Group today agreed the financial
statements of Linde AG and Linde Group for the fiscal year 2006 and recommended
that they be approved by the Supervisory Board. The Supervisory Board will
meet on March 9 to approve the financial statements.
The key audited financial
figures of the Group for fiscal 2006: In the fiscal year 2006, Linde successfully
continued its earnings-oriented growth trend and saw a double-digit increase
in sales and operating profit (EBITDA). "We have met all of our targets",
says Prof. Dr.-Ing. Wolfgang Reitzle, Chief Executive Officer of the Executive
Board of Linde AG. "Thanks to the outstanding performance of our employees,
we were able to meet all of our business objectives and tackle the difficult
challenges of Linde's extensive corporate restructuring at the same time."
Sales increased by 30.8 percent
to 12.439 billion Euro (2005: 9.511 billion Euro). On a comparable basis
that is adjusted for first-time consolidation of the BOC Group plc sales
rose by 10.6 percent to 10.516 billion Euro.
The operating profit (EBITDA)
amounts to 3.830 billion Euro and is therefore more than double that of
the previous year (1.705 billion Euro). Special items must be taken into
account in this development: a book profit from the sale of KION Group
as well as one-time expenses for acquisition and divestment processes.
After adjustment for these special items, Linde has improved its EBITDA
by 30 percent to 2.216 billion Euro. Without BOC, EBITDA rose by 10 percent
to 1.876 billion Euro.
Earnings after taxes and
minority interests - including special items - rose to 1.838 billion Euro
(2005: 514 million Euro). Earnings per share excluding special items were
4.66 Euro (2005: 4.30 Euro).
The Executive Board of Linde
AG recommends to the Supervisory Board to propose a resolution at the shareholders'
meeting on June 5, 2007 to increase the dividend from 1.40 to 1.50 Euro
per share.
Linde will present detailed
information on the fiscal year 2006, the developments in the individual
business segments and the prospects of the newly positioned Group at its
press conference on annual results on March 12, 2007 in Munich.
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