The Linde World

The Linde Group is a world-leading gases and engineering company with around 50,500 employees in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. The company’s headquarters are located in Munich. The Group comprises three divisions: Gases and Engineering (the two core divisions) and Other Activities (Gist, the logistics service provider).

America Africa Asia The Linde World (chart)
  • Americas
    7,857 employees
    EUR 2,636 million sales
  • EMEA (Europe, Middle East and Africa)
    29,654 employees
    EUR  6,772 million sales
  • Asia/Pacific
    12,906 employees
    EUR  4,379 million sales

Structure

Gases Division

The Linde Group is a world leader in the international gases market. The company offers a wide range of compressed and liquefied gases as well as chemicals and is the partner of choice across a huge variety of industries. Linde gases are used, for example, in the energy sector, steel production, chemical processing, environmental protection and welding, as well as in food processing, glass production and electronics. The Group is also investing in the expansion of its Healthcare business (medical gases) and is a leading global player in the development of environmentally friendly hydrogen technology.

The Gases Division has three reportable segments: EMEA (Europe, Middle East and Africa), Asia/Pacific and the Americas, which are subdivided into eight Regional Business Units (RBUs). The Gases Division also includes the two Global Business Units (GBUs) Healthcare (medical gases and related maintenance and advisory services) and Tonnage (on-site supply of gases to major customers), as well as the two Business Areas (BAs) Merchant & Packaged Gases (liquefied and cylinder gases) and Electronics (electronic gases).

Engineering Division

Linde Engineering is successful throughout the world, with its focus on promising market segments such as olefin plants, natural gas plants and air separation plants, as well as hydrogen and synthesis gas plants. In contrast to virtually all its competitors, the Group is able to rely on its own process engineering know-how in the planning, project development and construction of turnkey industrial plants. Linde plants are used in a wide variety of fields: in the petrochemical and chemical industries, in refineries and fertiliser plants, to recover air gases, to produce hydrogen and synthesis gases, to treat natural gas and in the pharmaceutical industry.

Other activities

Other activities of the Linde Group consist mainly of Gist, Linde’s logistics services.

Customer segmentation

The Linde Group manufactures gases and engineers plants for customers in the food and drinks, steel and automobile, healthcare, construction, electronics and solar industries. A broad, well-balanced customer base ensures stability.

Business review

In the 2011 financial year, Group sales rose by 7.1 percent to EUR 13.787 bn. After adjusting for exchange rate effects, the increase was 7.6 percent. Linde achieved a 9.7 percent increase in Group operating profit (EBITDA) to EUR 3.210 bn. Profit again grew at a faster rate than sales.

Sales and operating profit by business segment

The Linde Group

 

 

 

 

 

 

 

 

 

in € million

 

2011

 

2010

*

including reconciliation

Group

 

 

 

 

Sales

 

13,787

 

12,868

Operating profit

 

3,210

 

2,925

Gases Division

 

 

 

 

Sales

 

11,061

 

10,228

Operating profit

 

3,041

 

2,766

Engineering Division

 

 

 

 

Sales

 

2,531

 

2,461

Operating profit

 

304

 

271

Other activities*

 

 

 

 

Sales

 

195

 

179

Operating profit

 

-135

 

-112

In the 2011 financial year, Linde continued with the implementation of its HPO (High Performance Organisation) efficiency programme. HPO is a holistic concept for process optimisation and productivity gains which should result in total gross savings in the financial years from 2009 to 2012 of between EUR 650 m and EUR 800 m. It should also continue to reinforce the Group’s competitiveness irrespective of the economic climate. All the individual measures designed to increase efficiency are centrally monitored and reviewed to ensure that they achieve lasting success.

> More on each division's business performance as well as on the breakdown of division sales by operating segment (region) and business segment

Key figures comparison

© The Linde Group 2012