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Bankleitzahlen - online.de


2008 financial year: The Linde Group continues its earnings-oriented development

* Sales up 2.9 percent to 12.663 billion euro, 8.4 percent increase
in sales after adjusting for exchange rate effects
* Operating profit* up 5.4 percent to 2.555 billion euro, 10.3
percent increase in operating profit after adjusting for exchange
rate effects
* Proposed increase in dividend from 1.70 euro to 1.80 euro per
share


Munich, 3 March 2009 - The Executive Board of the technology group
The Linde Group today presented the financial statements for Linde AG
and the Group financial statements for the 2008 financial year and
recommended the approval of these financial statements by the
Supervisory Board. The Supervisory Board meeting to approve the
financial statements will take place on 13 March 2009.

The most important performance indicators for the Group in the 2008
financial year, based on figures which have already been audited,
demonstrate that Linde's strategy of earnings-based growth has
continued to be successful. "We have achieved our targets in full,
although even we began to feel the effects of the global recession at
the end of the year," said Professor Dr Wolfgang Reitzle, Chief
Executive Officer of Linde AG. "Due to our focus on our worldwide
gases and engineering business and our global orientation, we are
better able to cushion the impact of unfavourable economic conditions
than we were previously."

Linde increased Group sales in the 2008 financial year by 8.4 percent
after adjusting for exchange rate effects and operating profit by
10.3 percent after adjusting for exchange rate effects. On the basis
of reported figures, i.e. if there is no adjustment for exchange rate
effects, Group sales rose by 2.9 percent to 12.663 billion euro
compared with the prior year figure of 12.306 billion euro. On the
basis of reported figures, Group operating profit* of 2.555 billion
euro was 5.4 percent higher than the figure for 2007 of 2.424 billion
euro.

Earnings before tax (EBT) were 1.006 billion euro, which was below
the prior year figure of 1.375 billion euro. When comparing these two
figures, it should be noted that in 2007 there was a profit on the
disposal of businesses of 607 million euro which was disclosed as a
non-recurring item. In the 2008 financial year, Linde made a book
profit on the disposal of businesses of 59 million euro.

Earnings after tax in the 2008 financial year were 776 million euro
(2007: 996 million euro, relating to continuing operations). The
amount attributable to Linde AG shareholders was 717 million euro
(2007: 952 million euro). This corresponds to earnings per share of
4.27 euro (2007: 5.77 euro, relating to continuing operations). The
profit on the disposal of businesses in 2008 and 2007 also had an
impact on these figures. On an adjusted basis, i.e. after adjusting
for this effect and for the amortisation of fair value adjustments
identified in the course of the purchase price allocation, Linde
improved its earnings per share from 5.02 euro in 2007 to 5.46 euro
in 2008.

The Executive Board of Linde AG recommends to the Supervisory Board
that it proposes a resolution at the Annual General Meeting to be
held on 15 May 2009 to increase the dividend from 1.70 euro to 1.80
euro per share.

Detailed information about the 2008 financial year, the performance
of the individual divisions and the short-term and medium-term
prospects of the Group will be presented by Linde at its press
conference on the annual results on 16 March 2009 in Munich.

The Linde Group is a world leading gases and engineering company with
almost 52,000 employees working in around 100 countries worldwide. In
the 2008 financial year it achieved sales of EUR 12.7 billion. The
strategy of The Linde Group is geared towards sustainable
earnings-based growth and focuses on the expansion of its
international business with forward-looking products and services.
Linde acts responsibly towards its shareholders, business partners,
employees, society and the environment - in every one of its business
areas, regions and locations across the globe. Linde is committed to
technologies and products that unite the goals of customer value and
sustainable development.

For more information, please see The Linde Group online at
http://www.linde.com

Further information:

Press Investor Relations
Uwe Wolfinger Thomas Eisenlohr
Telephone: +49.89.35757-1320 Telephone: +49.89.35757-1330


* Operating profit: EBITDA before non-recurring items, including the
share of net income from associates and joint ventures.


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
Copyright © Hugin AS 2009. All rights reserved.



 
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