Gaz Linde exceeds analysts' expectations : Orishas-finance

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Gaz Linde exceeds analysts' expectations

05/02/2021

Source : ORISHAS FINANCE

Categories: General Information

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Gaz Linde exceeds analysts' expectations

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In Q4 2020, the performance of the US-Anglo-German multinational chemical company exceeded analysts' expectations. There was a 22% increase in adjusted EPS. The industrial gases supplier advanced nearly 2% in Frankfurt, following the presentation, in the middle of the session, of an adjusted EPS up 22% to $ 2.30 for the last three months of 2020.
Linde achieved an adjusted operating margin of 22.2%, an improvement of 320 basis points, for sales of $7.3 billion. Its growth is 3% year-on-year.
For the full year, its adjusted EPS rose 12% to $8.23. The company expects a target range of $9.10 to $9.30 for 2021. Thus, it will show a growth of 11 to 13% if everything goes as planned.

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