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Linde aiming for 4.1-4.3 billion euro in 2015 core profit

Published 16/03/2015, 06:43
© Reuters. The logos of German industrial gases maker Linde are pictured at a factory in Vienna
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MUNICH (Reuters) - German industrial gases specialist Linde (DE:LING) aims to increase adjusted core earnings by up to 9.7 percent this year, buoyed by a solid project backlog for gas it produces at its industrial customers' sites.

Linde on Monday forecast that earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-off effects, would reach between 4.1 billion euros (3 billion pounds) and 4.3 billion euros, up from 3.92 billion last year.

© Reuters. The logos of German industrial gases maker Linde are pictured at a factory in Vienna

Adjusted EBITDA in the fourth quarter gained 5.4 percent to 1.02 billion euros, helped by a strong dollar boosting the value of overseas sales and growth in China, which was broadly in line with the average estimate in a Reuters poll among analysts.

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