Skip to Main Content
  • Español
  • English
  • Linde en todo el mundo
  • The Linde Group
  • Engineering
    Uruguay

  • Welcome
  • About Linde Engineering
      • Management
        • Dr Christian Bruch
        • Juergen Nowicki
        • John van der Velden
        • Tilman Weide
      • Locations
        • Linde Engineering Dresden
        • Linde Engineering Schalchen Plant
        • Selas-Linde GmbH
        • Linde Kryotechnik AG
        • Cryo AB
        • Cryostar SAS
        • Linde CryoPlants Ltd.
        • Moscow Representative Office
        • Linde Engineering Rus, OOO
        • Linde Engineering North America Inc. - Tulsa, Oklahoma
        • Selas Linde North America
        • Hydro-Chem
        • Linde Engineering North America Inc. - Houston Office
        • Linde Engineering (Hangzhou) Co., Ltd.
        • Linde Engineering (Dalian) Co., Ltd.
        • Beijing Representative Office
        • Linde Arabian Contracting Co. Ltd.
        • Linde Engineering Middle East LLC
        • Linde Engineering Korea
        • Linde Engineering South Africa (Pty) Ltd.
      • Quality, Health, Safety & Environment (QHSE)
        • QHSE at construction sites
        • Certificates and awards
      • Collaborate.Innovate.Deliver.
        • Collaborate
          • Kickoff for mega project
          • Collaborate - Teaming up for success.
          • Providing efficient plant solutions for hydrogen gas
          • Cooperating for record recoveries
          • Producing LNG in the Arctic
          • Teaming up for optimum outcomes
          • Rescue plan for refinery
          • Teaming up for petrochemical projects
          • Coaching on construction sites
        • Innovate.
          • Recycling CO₂– the efficient way
          • The CO2-tolerant plant
          • Mid-scale is scaling out
          • The key to success
          • Hybrid process to recover helium
          • A virtual tour of Amur
          • 3D metal printing in plant engineering
          • Managing heat efficiently
          • New opportunities for CCS technology
          • Modular knows no limits
          • Virtual plant training
          • New all-round service for your plant
          • Lifetime optimisation of plate-fin heat exchangers
        • Deliver.
          • Powerful solutions for extreme conditions
          • High-quality paper thanks to oxygen
          • Ecosourcing raw CO₂
          • Supplying liquefied natural gas
          • Engineering defies permafrost
          • All-in-one package destined for Australia
        • The mega refinery
  • Plantas de procesos
      • Air separation plants
        • Customised air separation plants
        • Modular air separation plants
        • Containerised air separation plants
        • References
      • LNG and natural gas processing plants
        • Liquefied natural gas (LNG)
          • World-scale LNG plants
          • Floating LNG production and storage
          • Small to mid-scale LNG plants
          • StarLNGL™
          • LNG terminals
          • Flat-bottom storage tanks
          • LNG fuelling stations
        • Natural gas liquids (NGL)
          • CRYO-PLUS™
          • NGL and LPG recovery
        • Nitrogen rejection
        • Helium recovery and liquefaction
        • References
      • Hydrogen and synthesis gas plants
        • Gas products
          • Hydrogen
          • Carbon monoxide
          • Synthesis gas
          • Ammonia
          • Methanol
        • Gas generation
          • Steam reforming
          • Partial oxidation
          • Tandem reforming
          • CO shift conversion
          • Isothermal reactor
        • Gas processing plants
          • Partial condensation process and liquid methane wash
          • Liquid nitrogen wash
          • Separation of hydrogen and LPG from refinery fuel gas
          • Rare gas processing
          • Acid gas removal and sulfur recovery
          • RECTISOL® wash
          • Purge gas recovery
            • Purge gas recovery. Your individual needs.
      • Petrochemical plants
        • Steamcracking technology
          • Cracking furnace technology
          • Ethylene separation technology
        • Acetylene recovery technology
        • Linear alpha olefins (LAOs)
          • α-SABLIN® technology
          • Recovering linear alpha olefins (LAOs)
        • Polyolefin plants
          • Polyethylene plants
          • Polypropylene plants
        • Third-party technologies
          • Aromatics plants
          • Petrochemical plants
          • Refineries
        • Oxidative coupling of methane (OCM)
        • References
      • Adsorption and membrane plants
        • Membrane plants
        • Hydrogen recovery and purification
        • Oxygen generator plants
        • Nitrogen generation
        • Carbon dioxide removal and purification
      • Cryogenic plants
        • Helium liquefiers
        • Helium refrigeration plants
        • Hydrogen liquefiers
        • Helium recovery systems
        • Equipment and accessories
      • CCS and CO₂ plants
        • CCS plants
          • Post-combustion
          • Pre-combustion
          • Oxy-fuel combustion
          • CO₂ storage
        • Post-combustion
        • CO₂ plants
          • Customised CO₂ plants
          • Modular LCO₂ plants
          • CO₂ purification and liquefaction questionnaire
        • References
      • Geothermal power plants
      • Furnaces, fired heaters and incinerators
        • Steam reformer furnaces
          • HYDROPRIME® hydrogen generators using steam-methane reforming
        • Cracking furnaces for ethylene production
        • Cryogenic vaporiser
        • Fired heaters and waste heat recovery units
          • Process heat transfer
        • DRI heaters & special crackers
        • Incinerators and thermal oxidisers
          • Incinerators for gaseous and non-aqueous liquid wastes
          • Plantas de protección del medio ambiente
          • Flameless thermal oxidisers
  • Componentes de la planta
      • Plate-fin heat exchangers (PFHEs)
        • Plate-fin heat exchangers – Design variants
      • Packaged units / coldboxes
      • Cryogenic columns
      • Coil-wound heat exchangers (CWHEs)
      • Cryogenic tanks
        • Customer Information Centre
      • Air-heated vaporisers
      • Water bath vaporisers
      • Spiral-welded aluminium pipes
      • Helium storage tanks
      • Trailers and semi-trailers
      • UN portable tank (Helicon)
      • Operational services
  • Servicios
      • LINDE PLANTSERV™
        • Plant modification and revamp
        • Spare part management
        • Maintenance and repair
        • Training
        • Support on plant operations
        • Case studies
          • Case study. Plant modification.
          • Case study. Spare part management.
          • Case study. Maintenance and repair.
          • Case study. Training.
          • Case study. Support on plant operations.
        • Contact
      • Engineering
        • Modularisation
      • Procurement
        • Supplier portal
          • Conditions of purchase
          • Linde Standards for suppliers
          • eAuctions
      • Construction
      • Export and project financing
  • Innovations
      • Linde Pilot Reformer
      • Virtual reality redefines plant engineering
      • Green hydrogen from biomass
      • Rare gas units
      • α-SABLIN® – Oligomerisation of ethylene to linear α-olefins (LAOs)
      • Heat exchangers for floating LNG (FLNG) plants
  • Noticias y prensa
      • Press Services
        • Interview Digitalisation
      • Comunicados de prensa
      • Linde @ Social Media
        • Facebook
        • Twitter
        • YouTube
        • Google+
        • LinkedIn
        • Miscellaneous
        • Social Media Guidelines
      • Eventos
        • Gastech 2018
        • Achema 2018
        • Nitrogen + Syngas 2018
        • Archivo de eventos
          • The 10ᵗʰ Hydrogen and Syngas Symposium
            • Agenda
            • Videos
          • Gastech 2017
          • Achema 2015
            • Discover
            • Engage
            • Experience
            • Stack up
            • Network
          • Downstream Tatarstan
      • Boletín de noticias
        • Boletín de noticias de prensa
        • Boletín de relaciones con los inversores
      • Publicaciones
      • Linde Apps
        • Investor Relations App
        • BeeZero App
        • C-Pot
        • Gas Converter
        • Gas distribution partner-search
        • Fascinating Gases
        • Virtual World
        • Virtual Cryo
        • BOC re-order
        • Afrox Shop
      • Galería de Imágenes
      • Video Library
      • Broadcast Room
      • Contacto
  • Careers
      • Work @ Linde
      • People @ Linde
        • License to Fill
        • Matthias & the Mechanics
        • The Pathfinder
        • Giving Back
      • Roles @ Linde
        • Engineers & Technicians
        • Sales & Customer Service
        • Healthcare & Homecare
        • Corporate Functional Staff & Admins
        • Operational Staff, Fillers & Drivers
      • Jobs @ Linde
        • Locations worldwide
      • Students & Graduates
        • School Students
        • University Students
        • Graduates
      • Apply @ Linde
      • Job Blog
        • A Dream Job
        • A New Home
        • Insider Tips
        • Shell Eco-marathon
        • Shell Eco-marathon London
        • Shell Eco-marathon: Driving change
        • A whole new weld
        • Mission: Impossible
        • Into the future: at the push of a button
        • Get with the programme
        • Shell Eco-marathon: Learning from the young
  • Contact & Support
      • Contact
      • Route Planner
  •  
  • Language
    • Español
    • English
  • Linde en todo el mundo
  • The Linde Group
  • Noticias y prensa
  • Press Services
  • Comunicados de prensa
  • Linde @ Social Media
  • Eventos
  • Boletín de noticias
  • Publicaciones
  • Linde Apps
  • Galería de Imágenes
  • Video Library
  • Broadcast Room
  • Contacto
  • Noticias y prensa
  • Comunicados de prensa
  • Linde launches wide-ranging efficiency programme/ 9-month figures in line with expectations

Linde launches wide-ranging efficiency programme/ 9-month figures in line with expectations

Noticias corporativas

  • Plan to achieve additional cost savings of around EUR 370 m per annum from 2019
  • Group revenue of EUR 12.967 bn affected by exchange rate effects
  • Group operating profit1 of EUR 3.066 bn, slightly higher than in first nine months of 2015 after adjusting for exchange rate effects
  • Operating margin continues to improve
  • 4.7 percent increase in operating cash flow
  • Group outlook for 2016 confirmed


Munich, 28 October 2016 – The Linde Group is launching “LIFT”, a Group-wide efficiency programme, to ensure that it can act more rapidly and more efficiently in the global competitive environment of industrial gases. From this three-year programme together with measures introduced from 2015 onwards, Linde wants to achieve cost savings of around EUR 550 m per annum from 2019. “LIFT” alone should generate cost savings of around EUR 370 m per annum. In 2016 and 2017, one-off restructuring costs relating to this programme totalling around EUR 400 m will be incurred.

Dr Wolfgang Büchele, Chief Executive Officer of Linde AG, said “We have conducted a review of the strategic focus and structures of the entire Group across all organisational units. Overall, the company is on the right track. By applying a variety of additional measures, the LIFT programme will enable us to deliver greater efficiency. Our clear vision for Linde is to ensure that we become one of the most profitable suppliers in the industrial gases and engineering business, a preferred partner for customers and that we sustain this over the long term.
We will continue to pursue a growth trajectory.”

By improving its internal processes and reducing complexity and hierarchies, Linde wants to increase significantly both the speed of its decision-making and its efficiency. Linde will remain committed to its very solid balance sheet structure and its attractive dividend policy.
Therefore, as in the past, it intends to continue with its policy of increasing its dividend when compared with the prior year. 


January to September 2016: Business performance in line with expectations

The technology company The Linde Group generated Group revenue in the first nine months of 2016 of EUR 12.967 bn, 4.3 percent below the revenue of the prior-year period of EUR 13.552 bn. Operating profit dropped by 2.3 percent to EUR 3.066 bn (2015: EUR 3.137 bn).
Linde confirms the outlook for the whole year.  These decreases were due to the lower contribution made to revenue and earnings by the Engineering Division as well as to adverse exchange rate movements. After adjusting for exchange rate effects arising solely on translation, Group revenue was 1.1 percent below the figure for the prior-year period. Group operating profit rose by 0.8 percent after adjusting for exchange rate effects. At 23.6 percent, the Group operating margin was higher than the figure of 23.1 percent in the first nine months of 2015. Contributing to this improvement were the efficiency measures already introduced back in 2015. In the course of the nine months to 30 September 2016, costs relating to efficiency measures rose to a total of EUR 50 m and they have therefore been classified as a non-recurring item. 

Once again during the reporting period there was a positive trend in cash flow from operating activities. In the first nine months of 2016, it increased by 4.7 percent to EUR 2.503 bn (2015: EUR 2.390 bn).


Gases Division: Slight increase in revenue on a comparable basis 

Revenue in the Gases Division in the first nine months of 2016 was
EUR 11.016 bn, which was 3.3 percent below the figure for the prior-year period of EUR 11.387 bn. After adjusting for exchange rate effects, revenue increased by 0.2 percent. On a comparable basis (after also adjusting for changes in the price of natural gas), the growth in revenue was 0.8 percent. Operating profit was EUR 3.098 bn, which was below the figure for the first nine months of 2015 of EUR 3.131 bn. After adjusting for exchange rate effects, operating profit increased by
1.9 percent. The operating margin rose to 28.1 percent
(2015: 27.5 percent), due in part to lower prices for natural gas.

In the EMEA segment (Europe, Middle East, Africa), the Group generated revenue of EUR 4.272 bn in the first nine months of 2016, which was
5.4 percent below the figure for the first nine months of 2015 of
EUR 4.515 bn. On a comparable basis, revenue was slightly below the figure for the prior-year period. Operating profit was EUR 1.358 bn
(2015: EUR 1.350 bn). Operating profit includes income from changes to pension plans and profits on the disposal of non-current assets. The operating margin rose to 31.8 percent (2015: 29.9 percent).

In the Asia/Pacific segment, Linde generated revenue in the nine months to 30 September 2016 of EUR 3.027 bn, which was 3.4 percent below the figure for the first nine months of 2015 of EUR 3.133 bn. On a comparable basis, revenue increased by 1.1 percent. Operating profit fell by 1.4 percent to EUR 793 m (2015: EUR 804 m), while the operating margin rose to 26.2 percent (2015: 25.7 percent). In this segment, positive trends for all product areas were to be seen in particular in South & East Asia and in China. In the South Pacific, the prevailing weak economic environment in manufacturing and declining investment in the mining industry had an adverse impact on growth. Appropriate structural and organisational countermeasures were implemented as part of the Customer Focus Initiative. These should lead to cost savings and a higher rate of profitability in the region. Further cost reduction measures have already been identified as part of the newly-launched efficiency programme and will be implemented in the coming months.

In the Americas segment, revenue fell in the first nine months of 2016 by 0.8 percent to EUR 3.847 bn (2015: EUR 3.878 bn). On a comparable basis, revenue rose by 2.2 percent. Operating profit fell by 3.1 percent to EUR 947 m (2015: EUR 977 m). The operating margin dropped to
24.6 percent (2015: 25.2 percent). In the Healthcare business in North America, price reductions as a result of government tenders came into force at the beginning of 2016, an effect which intensified as expected after 1 July. It is expected that the adverse impact of these price reductions will be countered by the acquisition of the company American HomePatient, Inc., which specialises in respiratory therapies and by the increase in the number of patients cared for by Linde. 


Engineering Division: Increase in order intake

Order intake in the Engineering Division for the first nine months of 2016 was EUR 1.587 bn, which was higher than the figure for the first nine months of 2015 of EUR 1.128 bn. The order backlog at 30 September 2016 remained solid at EUR 4.269 bn (31 December 2015: EUR 4.541 bn). Slack demand continues to be seen in the plant construction sector as a result of the prevailing low price of oil.

Revenue in the Engineering Division fell by 13.1 percent to EUR 1.739 bn (2015: EUR 2.002 bn). Operating profit here also dropped to EUR 146 m (2015: EUR 169 m). The operating margin remained the same at
8.4 percent, which continues to be above the industry average.  


To coincide with the publication of the interim report, a webcast for analysts will take place today at 2pm German time in English with Dr Wolfgang Büchele, CEO of Linde AG, and Dr Sven Schneider, interim CFO of Linde AG. Journalists will have the opportunity to watch the webcast by following this link:
https://event.mescdn.com/linde/results-conference-call-9m-2016


About The Linde Group

In the 2015 financial year, The Linde Group generated revenue of EUR 17.944 bn, making it one of the leading gases and engineering companies in the world, with approximately 65,000 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable 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. The company is committed to technologies and products that unite the goals of customer value and sustainable development.

For more information, see The Linde Group online at www.linde.com. 


1 EBIT (before non-recurring items) adjusted for the amortisation of intangible assets and the depreciation of tangible assets.

Downloads
Linde launches wide-ranging efficiency programme/ 9-month figures in line with expectations (PDF 115 KB) The Linde Group Logo small (Image 37 KB) The Linde Group Logo medium (Image 75 KB) The Linde Group Logo large (Image 159 KB)
Contacts
  • Our contacts for this press release

  • Media Relations

    Dr Frank Herkenhoff
    Phone +49.89.35757-1320

    Matthias Dachwald
    Phone +49 89 35757-1333


  • Investor Relations

    Bernard Wang
    Phone +49 89 35757-1328

    Eva Frerker
    Phone +49 89 35757-1332

More Information
  • Interim Report 9M 2016 - Online Version
  • Investor Relations Conference Call
  • Autumn Press Conference 2016
    •  
    • Mapa del sitio
    • Términos de uso
    • Protección de datos
  • © The Linde Group 2018

To enhance your user experience and to deliver our online services, this website uses cookies for reasons of functionality, comfort and statistics. By continuing to browse the site, you are agreeing to our use of cookies.
You can find out more on our data protection information.
You must check the "I accept cookies from Linde Sites" box to accept.
More