Monday , April 12 2021

Börse Express – ROUNDUP: Currency effects are weighted in Linde's balance sheet



The unfavorable exchange rate effects have preceded
Merger with Praxair Linde Group
the balance turns. The sale went to the first
nine months from the previous year, 1.7 percent to 13.05 billion
Euro back, as Linde announced on Wednesday evening in Munich. in addition
the first time applied to the accounting standard
IFRS 15 had a negative impact on sales. Fixed here and
However, currency effects would have increased the turnover by 4.8 per cent.

EBITDA accelerated the least thank you
Cost savings of 4.2 percent to 3.3 billion. at
Sales and operating profit Linde wants its peak throughout the year
Completing the end of the forecast range. So far, the people of Munich
Foreign currency adjusted net sales increased by four
Per cent. The operating profit (Ebitda) can be up to five
Percentage growth.

The figures were well received in the stock market. The price of Linde Plc's share
increased by a good percentage.

After years of efforts, Linde and its US competitor Praxair
when all the cartel authorities have accepted the merger under the roof and
The tray is imported. However, the merger is still appropriate
Rules on Contracts in the United States – Linde and Praxair are said to be nine
Industrial gases businesses. Before
Prerequisites are met, Linden and Praxair must do their business
separate from each other globally. IG Metall and
The Chemical Union IG BCE strongly criticized the merger.

Otherwise, Linde and Praxair want to accelerate the merger
import step. Shareholders have already been able to present their papers
Replace the shares of the merged company. Stock Certificates
will be traded in New York and Frankfurt.

Linde AG Extraordinary General Meeting 12.
There are eight percent remaining in December
Shareholders who do not exchange their shares in exchange
Linde Plc's shares had left cash
shut down.

By the end of January, Linde will also have to invest a few more
Sell ​​in the United States. Only then can CEO Steve Angel and
CEO Wolfgang Reitzle with the integration of companies
80,000 employees and more than 24 billion euros in annual sales
intervene. Linde employs some 7,000 people in Germany
Menschen./mne/he

    ISIN IE00BZ12WP82

AXC0382 2018-11-14 / 20: 18

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