Ads
News service and business centre for materials handlingHOME
/lynad/news_adclick.asp?assid=19526/lynad/news_adclick.asp?assid=19527/lynad/news_adclick.asp?assid=19543/lynad/news_adclick.asp?assid=19528/lynad/news_adclick.asp?assid=19529
Ads
3455

Growth program a factor in Linde profit boost


Thursday, 17 Aug 2006 ( #273 ) - WIESBADEN, Germany
News Story
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).
Discuss Forkliftaction.com News stories in the Discussion Forums!
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

x