Linde in the capital market

Increase in DAX in 2014

In 2014, most international stock exchanges were affected by continuing monetary stimuli and by the lack of investment alternatives in the low interest environment. Despite political unrest, such as that in Ukraine, share prices benefited from these factors. It was not until the second half of the year that growing economic concerns and the significant fall in the oil price led to a drop in share prices.

The German share index DAX started the trading year at 9,590 points and this was followed by a rather volatile period for the index. In June 2014, it broke through the 10,000 points mark for the first time. As a result of worsening economic data from the United States, share prices went down, with the DAX falling to its lowest level for the year of 8,572 points on 16 October 2014. For the remaining part of the year, the trend was back up. On 5 December 2014, the DAX reached its highest level for the year of 10,093 points, ending the year at 9,806 points. This was 2.7 percent higher than at the end of the 2013 financial year.

Most of the other major European stock market indices performed similarly. The MSCI Euro Index gained in value by 2.0 percent and the DJ EURO STOXX by 1.7 percent. The FTSEurofirst 300 Index in London increased by 4.0 percent. Only the CAC 40 Index in Paris fell, dropping by 0.5 percent.

The US stock markets again saw more dynamic trends than in Europe. The S & P 500 Index was up 11.6 percent, while the NASDAQ technology index (NASDAQ composite) rose by 13.4 percent. In the emerging economies, however, the picture was different. The MSCI Emerging Markets Index lost 4.6 percent in the course of 2014.

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Capital market-based figures

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

1

As at 31 December.

Number of shares with dividend entitlement for the financial year

 

No.

 

185,638,071

 

185,587,803

Year-end closing price

 

 

154.20

 

152.05

Year high

 

 

157.30

 

153.90

Year low

 

 

139.15

 

128.60

Total dividend of Linde AG for the financial year

 

€ million

 

585

 

557

Market capitalisation1

 

€ million

 

28,625

 

28,219

Average weekly volume

 

No.

 

2,267,308

 

2,257,467

Volatility1 (200 days)

 

%

 

16.2

 

14.6

 

 

 

 

 

 

 

Information per share

 

 

 

 

 

 

Cash dividend

 

 

3.15

 

3.00

Dividend yield

 

%

 

2.0

 

2.0

Operating cash flow

 

 

16.17

 

16.94

Earnings (reported EPS)

 

 

5.94

 

7.10