Linde: steel prices depress forklift profits

News Story
- 18 Nov 2004 ( #184 ) - WIESBADEN, Germany
1 min read
Linde chief executive Wolfgang Reitzle says rising steel prices will depress the profits of the company's forklift division by EUR20 million (USD26 million) this year.

"We could have delivered dream earnings (in) materials handling," he said. "Instead we will deliver top earnings."

Reitzle said Linde would continue to cut material handling costs, which could lead to job cuts. The Still brand would come under special focus, he said.

"I don't want to exclude trying to cut jobs wherever possible," he said.

Linde AG increased third quarter operating profit from EUR149 million (USD194.2 million) to EUR181 million (USD235.9 million). Third quarter net profit rose from EUR23 million (USD30 million) to EUR79 million (USD103 million).

Sales for the quarter rose from EUR2.178 billion (USD2.8 billion) to EUR2.465 billion (USD3.2 billion).
Narrow Aisle delivers record turnover
Narrow Aisle delivers record turnover 16 Mar 2023 - Tipton, United Kingdom - 1 min read
AmeraMex signs $2.1M deal
AmeraMex signs $2.1M deal 28 May 2015 - Chico, CA, United States - 1 min read
Previously about:
LogiMAT records 43% increase in exhibitors from China News Story - 3 Apr 2025 - Stuttgart, Germany - 4 min read
Geopolitics and macroeconomics large concerns for materials handling sector News Story - 20 Mar 2025 - Stuttgart, Germany - 3 min read
Caterpillar financial results News Story - 7 Nov 2024 - Woking, United Kingdom - <1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Lift Tek Elecar
Global leader in the design and manufacture of masts, carriages, integral sideshifters & fork positioners.

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Words of support …

Thanks to advertising with Forkliftaction, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

PREMIUM business

Tailift Material Handling USA Inc
Part of Toyota Industries Group - Leading manufacturer of High-quality machines.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

Lift Tek Elecar
Global leader in the design and manufacture of masts, carriages, integral sideshifters & fork positioners.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!