DGAP-Adhoc: Linde AG: Linde adjusts its medium-term targets for 2017

 | Source: EQS Group AG EQS Group AG 

Linde AG  / Key word(s): Change in Forecast

30.11.2015 20:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Linde adjusts its medium-term targets for 2017

Munich, 30 November 2015: The Linde AG informs that from today's
perspective it will not achieve the target for 2017 of Return on Capital
Employed (ROCE) of 11 to 12 percent and now expects ROCE to be between 9
and 10 percent.

The targeted Group operating profit for 2017 of EUR 4.5 to 4.7 bn is also
not achievable and is expected to come in between EUR 4.2 to 4.5 bn.

The main reasons for the adjustments are substantially changed overall
conditions compared to October 2014, when the targets were defined. On the
one hand the growth rates of industrial production relevant for the
industrial gases business have meanwhile been significantly reduced. Also
the state-controlled price reductions in the US healthcare market in 2016
and 2017 are expected to be stronger than originally assumed. Moreover the
Engineering Division will contribute less to Group operating profit than
originally planned. Main reason is an expected lower order intake due to a
medium-term low oil price resulting in investment hesitancy among
customers.

The adjusted 2017 targets are based on current exchange rates. 

Linde Aktiengesellschaft 
Klosterhofstr. 1
80331 Munich
www.linde.com 
info@linde.com 

ISIN:  DE0006483001

For further information:
<pre>

Media                                          Investor Relations
Ulrich Porwollik                               Dr Dominik Heger
Telephone: +49.89.35757-1311                   Telephone: +49.89.35757-1334

Matthias Dachwald                              Eva Frerker
Telephone: +49.89.35757-1333                   Telephone: 49.89.35757-1332


</pre>


30.11.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Linde AG
              Klosterhofstraße 1  
              80331 München
              Germany
Phone:         +49.89.35757-01 
Fax:          +49.89.35757-1075 
E-mail:       info@linde.com
Internet:     www.linde.de
ISIN:         DE0006483001
WKN:          648300
Indices:      DAX
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
              Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial
              Market in Hanover; Terminbörse EUREX; SIX
 
End of Announcement                             DGAP News-Service
 
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