Business review of The Linde Group

Global economic growth slowed in the course of the year, lagging behind expectations yet again. Particularly in the emerging markets and in some up-and-coming economies, economic momentum was not as strong as had been predicted. The constant drop in oil prices resulted in faltering demand, which hit new projects in the plant construction sector particularly hard.

In this challenging environment, Linde nevertheless managed to remain relatively stable in respect of its earnings power. The Group reaped the benefits of positive exchange rate effects and achieved growth in both Group revenue and operating profit.