Growth program a factor in Linde profit boost

News Story
- 17 Aug 2006 ( #273 ) - WIESBADEN, Germany
1 min read
Linde's cost savings program was a major factor in increased profitability for the first half year in its materials handling segment, the company said in a statement.

Linde AG reported sales in the first six months of 2006 for its former materials handling segment increased 15.9 per cent to EUR1.933 billion (USD2.471 billion) from 2005's EUR1.668 billion (USD2.133 billion).

Operating profit rose 48.7 per cent to EUR116 million (USD148 million) from 2005's EUR78 million (USD99.8 million). The GO (Growth & Operational Excellence) program, which replaced TRIM.100 this year, was a major contributory factor to the rise in profitability, the statement said (Forkliftaction.com News #250).

Orders received increased 9.1 per cent from 2005's EUR1.829 billion (USD2.339 billion) to EUR1.995 billion (USD2.551 billion).

The industrial truck market environment was described as "favourable" for the first half of 2006, with global demand growing 13 per cent to the end of June 2006. Linde's main market, Western Europe, grew eight per cent.

The bulk of growth for the first six months of 2006 was in the Eastern European and Chinese markets, the statement said. Compared to the same period in 2005, demand rose 44 per cent in Eastern Europe and 34 per cent in China.

Linde group sales increased 10.7 per cent to EUR4.991 billion (USD6.382 billion) and group operating profit jumped 29 per cent to EUR481 million (USD615 million) in the six months to June 30.

"We have continued to improve our business operations while successfully meeting the additional challenges in the run-up to the proposed acquisition of BOC," Linde CEO Wolfgang Reitzle said.

Linde AG's materials handling segment became a separate legal entity, named Linde Material Handling GmbH & Co KG, on August 1. Linde AG intends to focus on its gas and engineering business once its acquisition of BOC is finalised (Forkliftaction.com News #263).
Jungheinrich steps closer to 2017 sales target
Jungheinrich steps closer to 2017 sales target 12 Mar 2015 - Hamburg, Germany - 1 min read
World market advanced in third quarter
World market advanced in third quarter 20 Nov 2014 - Hamburg, Germany - 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

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

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 …

The cooperation with Forkliftaction has been exceptional. It's always a pleasure to work with specialists who know the inside out of the industry

Ane Miren Elorza, Communications Specialist

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!

PREMIUM business

VETTER Industrie GmbH
The world's most comprehensive range of forks and the most intelligent sensor fork for more safety and efficiency.

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

Forkliftaction's JOB MARKET

Inside The News
While innovation and new technology are evolving at what seems to be an ever-increasing pace, the need to capture the data (telemetry) from this tech, and the ability to utilise it (telematics) for efficiency and cost savings, is one area attracting more and more attention ... Continue reading

PREMIUM business

Zhejiang UN Forklift Co., Ltd
Manufacturer of IC forklifts, electric forklifts and warehouse equipment.

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!