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Financials, compliance and innovation1

Financial indicators

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Share

 

 

 

 

 

 

 

 

 

 

 

 

Closing price

 

 

152.05

 

132.00

 

114.95

 

113.55

 

84.16

Year high

 

 

153.90

 

136.15

 

125.80

 

115.30

 

87.95

Year low

 

 

128.60

 

114.20

 

96.16

 

76.70

 

49.66

Market capitalisation (at year-end closing price)

 

€ million

 

28,219

 

24,445

 

19,663

 

19,337

 

14,215

No. of shares (at 31 December)

 

000s

 

185,588

 

185,189

 

171,061

 

170,297

 

168,907

Cash dividend per share

 

 

3.00

 

2.70

 

2.50

 

2.20

 

1.80

 

 

 

 

 

 

 

 

 

 

 

 

 

Group

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

€ million

 

16,655

 

15,833

 

13,787

 

12,868

 

11,211

In Germany

 

%

 

7.9

 

8.2

 

9.0

 

9.5

 

10.8

Outside Germany

 

%

 

92.1

 

91.8

 

91.0

 

90.5

 

89.2

Operating profit2

 

€ million

 

3,966

 

3,686

 

3,210

 

2,925

 

2,385

Operating margin

 

%

 

23.8

 

23.3

 

23.3

 

22.7

 

21.3

EBIT

 

€ million

 

2,171

 

2,055

 

1,910

 

1,679

 

1,167

Profit for the year

 

€ million

 

1,430

 

1,341

 

1,244

 

1,064

 

653

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditure

 

€ million

 

2,268

 

2,038

 

1,367

 

1,302

 

1,137

Equity ratio

 

%

 

41.5

 

39.8

 

42.0

 

42.3

 

37.7

Return on capital employed (ROCE)

 

%

 

9.7

 

10.2

 

11.0

 

10.3

 

7.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Procurement costs

 

€ bn

 

11.1

 

10.9

 

10.7

 

9.7

 

8.2

Personnel expenses

 

€ bn

 

3.423

 

3.117

 

2.653

 

2.527

 

2.319

Personnel expenses (per employee)

 

1,000 €

 

53.9

 

49.7

 

52.6

 

52.2

 

48.6

Pension costs

 

€ million

 

281

 

241

 

190

 

178

 

186

Donations

 

€ million

 

2,7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gases Division

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

€ million

 

13,971

 

13,214

 

11,061

 

10,228

 

8,932

Operating profit2

 

€ million

 

3,846

 

3,566

 

3,041

 

2,766

 

2,378

Operating margin

 

%

 

27.5

 

27.0

 

27.5

 

27.0

 

26.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Engineering Division

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

€ million

 

2,879

 

2,561

 

2,531

 

2,461

 

2,311

Operating profit2

 

€ million

 

319

 

312

 

304

 

271

 

210

Operating margin

 

%

 

11.1

 

12.2

 

12.0

 

11.0

 

9.1

Compliance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Contacts Integrity Line

 

 

 

393

 

309

 

430

 

334

 

Investigations as a result of reports to the Integrity Line

 

 

 

88

 

77

 

54

 

54

 

of which referring to personnel topics

 

%

 

36.4

 

42.9

 

38.9

 

42.6

 

 

of which referring to potential offences against property

 

%

 

33.0

 

24.7

 

31.5

 

22.2

 

of which referring to potential discrimination

 

%

 

2.3

 

2.6

 

0.0

 

1.9

 

of which referring to potential conflicts of interest

 

%

 

12.5

 

15.6

 

3.7

 

14.8

 

Substantiated cases (excluding open cases)

 

 

 

33

 

44

 

25

 

29

 

Innovation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Expenditure for research and development

 

€ million

 

92

 

101

 

98

 

94

 

89

Employees in the research and development field

 

 

 

367

 

385

 

342

 

324

 

346

New patents filed

 

 

 

263

 

269

 

235

 

232

 

230

Safety and environmental protection1

Resources consumed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Energy

 

 

 

 

 

 

 

 

 

 

 

 

Electricity consumption

 

million MWh

 

23.4

 

23.5

 

20.3

 

19.0

 

17.7

of which by air separation plants

 

million MWh

 

20.7

 

20.8

 

17.9

 

16.8

 

16.0

Natural gas consumption

 

million MWh

 

36.4

 

35.9

 

25.4

 

25.2

 

23.6

of which by HyCO plants

 

million MWh

 

23.0

 

22.8

 

21.7

 

21.2

 

21.3

Consumptions of other energy sources3

 

million MWh

 

14.8

 

13.4

 

11.7

 

6.4

 

5.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Water

 

 

 

 

 

 

 

 

 

 

 

 

Water use4

 

million m3

 

681

 

632

 

288

 

255

 

242

of which ground and surface water

 

%

 

98.6

 

98.5

 

96.8

 

95.7

 

96.7

of which drinking water

 

%

 

1.4

 

1.5

 

3.2

 

4.3

 

3.3

Total water consumption5

 

million m3

 

44.5

 

47.4

 

42.6

 

43.0

 

38.9

of which industrial and process water

 

million m3

 

34.8

 

38.1

 

33.3

 

32.0

 

30.9

of which drinking water

 

million m3

 

9.7

 

9.3

 

9.3

 

11.0

 

8.0

Waste water

 

million m3

 

13.8

 

12.5

 

8.1

 

8.4

 

11.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Resources and materials6

 

 

 

 

 

 

 

 

 

 

 

 

Raw materials and supplies

 

t

 

57,750

 

57,170

 

59,950

 

65,700

 

50,000

Packaging materials

 

t

 

3,990

 

4,765

 

5,850

 

6,300

 

5,800

Emissions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Direct greenhouse gas emissions (Scope 1)

 

 

 

 

 

 

 

 

 

 

 

 

CO2 emissions

 

million t

 

7.2

 

7.6

 

5.7

 

5.4

 

4.6

of which by HyCO plants

 

million t

 

4.2

 

4.3

 

4.3

 

4.3

 

3.9

Linde transport fleet

 

million t CO2e

 

0.49

 

0.50

 

0.42

 

0.41

 

0.38

Other greenhouse gases7,8

 

million t CO2e

 

0.3

 

0.4

 

0.6

 

0.4

 

0.4

Total

 

million t CO2e

 

8.0

 

8.5

 

6.7

 

6.2

 

5.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirect greenhouse gas emissions (Scope 2)

 

 

 

 

 

 

 

 

 

 

 

 

CO2 emissions

 

million t

 

13.0

 

12.8

 

10.2

 

9.5

 

9.0

of which by air separation plants

 

million t

 

11.8

 

11.6

 

8.9

 

8.3

 

8.0

Total Scope 1 and 2 emissions

 

million t CO2e

 

21.0

 

21.3

 

16.9

 

15.7

 

14.4

Emissions per million EUR sales

 

t CO2e

 

1,261

 

1,345

 

1,226

 

1,220

 

1,284

Emissions per Linde employee

 

t CO2e

 

331

 

339

 

335

 

324

 

302

 

 

 

 

 

 

 

 

 

 

 

 

 

Other indirect greenhouse gas emissions (Scope 3)

 

 

 

 

 

 

 

 

 

 

 

 

Transports by contractors

 

thousand t CO2e

 

388

 

380

 

395

 

310

 

320

Business travel

 

thousand t CO2e

 

39.4

 

34.1

 

30.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emissions to air8

 

 

 

 

 

 

 

 

 

 

 

 

VOC (volatile organic compounds)

 

t

 

92

 

109

 

206

 

182

 

236

NH3 (ammonia)

 

t

 

9

 

11

 

28

 

70

 

78

CO (carbon monoxide)

 

t

 

1,520

 

2,895

 

1,566

 

1,747

 

2,161

NOx (nitrogen oxides)

 

t

 

5,222

 

5,556

 

1,070

 

717

 

856

SOx (sulphur oxides)

 

t

 

96

 

391

 

543

 

620

 

730

 

 

 

 

 

 

 

 

 

 

 

 

 

Emissions to water8

 

 

 

 

 

 

 

 

 

 

 

 

Chemical oxygen demand (COD)

 

t

 

130

 

201

 

165

 

308

 

381

Biochemical oxygen demand (BOD)

 

t

 

118

 

97

 

38

 

75

 

157

Nitrates

 

t

 

46

 

52

 

61

 

35

 

37

Phosphates

 

t

 

1

 

4

 

3

 

3

 

3

Waste and recycling

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Total waste

 

thousand t

 

124.9

 

81.5

 

64.4

 

71.9

 

68.3

Non-hazardous waste

 

%

 

76

 

70

 

57

 

61

 

52

Hazardous waste

 

%

 

24

 

30

 

43

 

39

 

48

Recycled waste

 

%

 

65

 

41

 

26

 

43

 

28

Incineration waste9

 

%

 

14

 

18

 

30

 

28

 

28

Landfill waste

 

%

 

10

 

26

 

31

 

22

 

35

Other disposal method

 

%

 

11

 

15

 

13

 

7

 

9

Transport

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Distance driven by Linde’s transport fleet and its contractors

 

million km

 

963

 

969

 

866

 

764

 

689

Severe transport incidents involving trucks10

 

per 1 million km

 

0.062

 

0.075

 

0.077

 

0.085

 

0.083

Audits and trainings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Sites where occupational health and safety audits have been conducted11

 

%

 

58.1

 

62.4

 

54.5

 

53.2

 

55.1

Sites where environmental audits have been conducted11

 

%

 

51.8

 

54.5

 

49.1

 

47.8

 

48.3

Number of conducted occupational health and safety audits11

 

 

 

790

 

769

 

701

 

620

 

600

Number of conducted environmental audits11

 

 

 

657

 

661

 

664

 

546

 

526

Employees of Linde Gas who have taken up HSE training opportunities

 

%

 

57.8

 

54.0

 

50.3

 

47.2

 

48.8

Certified sites

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Production sites certified to ISO 9001

 

%

 

77.9

 

79.6

 

76

 

72

 

71

Production sites certified to ISO 14001

 

%

 

31.8

 

31.8

 

33

 

28

 

27

Production sites certified to OHSAS 18001

 

%

 

17.8

 

17.7

 

22

 

22

 

22

Production sites with Responsible Care certification

 

%

 

23.5

 

29.3

 

26

 

22

 

21

Environmental incidents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Environmental complaints

 

 

 

24

 

14

 

28

 

19

 

18

Reportable environmental incidents

 

 

 

25

 

29

 

33

 

31

 

24

Employees1

Employment structure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Group

 

as of Dec. 31

 

63,487

 

62,765

 

50,417

 

48,430

 

47,731

Gases Division

 

 

 

51,536

 

51,405

 

39,031

 

37,603

 

37,362

EMEA

 

 

 

21,544

 

21,636

 

20,920

 

20,575

 

20,952

Asia/Pacific

 

 

 

12,122

 

11,809

 

10,868

 

10,051

 

9,440

Americas

 

 

 

17,870

 

17,960

 

7,243

 

6,977

 

6,970

Engineering Division

 

 

 

6,997

 

6,564

 

6,319

 

5,811

 

5,716

Other activities

 

 

 

4,954

 

4,796

 

5,067

 

5,016

 

4,653

Employees in production

 

 

 

20,200

 

19,829

 

19,072

 

18,134

 

17,834

Employees in sales, marketing and distribution

 

 

 

31,778

 

31,249

 

22,172

 

21,940

 

20,866

Employees in research & development

 

 

 

367

 

385

 

342

 

324

 

345

Employees in administration

 

 

 

11,141

 

11,302

 

8,831

 

8,032

 

8,685

Part-time employees

 

%

 

1.9

 

1.7

 

2.0

 

1.9

 

1.8

Temporary staff

 

%

 

6.2

 

6.4

 

6.4

 

4.3

 

1.8

Employees on parental leave (Germany)

 

 

 

344

 

328

 

271

 

 

Staff covered by collective wage agreements

 

%

 

45.6

 

45.1

 

53.5

 

54.9

 

55.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee retention and benefits

 

 

 

 

 

 

 

 

 

 

 

 

Staff turnover rate12

 

%

 

9.4

 

10.1

 

6.3

 

5.7

 

4.2

Average length of service

 

years

 

8.9

 

9.3

 

9.8

 

9.7

 

10.1

Retired employees receiving pensions by Linde

 

 

 

31,006

 

31,118

 

31,112

 

32,584

 

32,012

Diversity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Staff up to 30 years old

 

%

 

18.2

 

17.6

 

16.0

 

16.4

 

17.0

Staff between 31 and 50 years old

 

%

 

58.0

 

58.4

 

59.0

 

59.6

 

60.1

Staff over 50 years old

 

%

 

23.8

 

24.0

 

25.0

 

24.0

 

22.9

Nationalities of employees in Germany

 

 

 

65

 

67

 

63

 

58

 

Non-German nationalities in senior management positions

 

%

 

72.9

 

69.7

 

 

 

Proportion of female employees

 

 

 

 

 

 

 

 

 

 

 

 

in total workforce

 

%

 

27.3

 

26.9

 

19.5

 

19.3

 

19.9

in Germany

 

%

 

25.9

 

25.4

 

 

 

in senior management positions

 

%

 

13.2

 

12.3

 

11.0

 

10.3

 

9.3

Women in the Executive Board

 

%

 

0

 

0

 

0

 

0

 

0

Women in the Supervisory Board

 

%

 

16.6

 

8.3

 

8.3

 

0

 

0

Severely disabled employees (Germany)

 

%

 

3.5

 

3.1

 

3.6

 

3.5

 

3.3

Employee training

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

Employees who attended training opportunities

 

%

 

60.3

 

61.0

 

64.4

 

59.1

 

53.8

Training days per employee

 

 

 

3.0

 

2.6

 

2.3

 

2.0

 

1.6

Expenditure on training programmes per employee

 

 

341

 

386

 

268

 

241

 

216

Apprentices and trainees in total workforce

 

%

 

0.9

 

0.9

 

1.3

 

1.3

 

1.4

Apprentices and trainees in Germany

 

%

 

3.1

 

3.2

 

3.6

 

3.5

 

3.7

Occupational health and safety

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

1

As a result of the first-time application of the revised accounting standards, the sites in the scope of our reporting changed in the 2013 financial year. Accordingly, the key financial, environmental and employee KPIs for 2012 were adjusted retrospectively. In addition, the KPIs for employees, occupational health and safety and environmental protection for the year 2012 were retrospectively adjusted to account for the effects of the acquisition of the US homecare company Lincare. To ensure that the figures for 2012 and 2013 can be compared, we reported the full year 2012 for Lincare.

2

EBIT adjusted for amortisation of intangible assets and depreciation of tangible assets.

3

Other energy sources include for example thermal energy, heating oil, diesel, biofuel energy, propane, and butane, and from 2013 diesel fuel. The increased consumption of other energies in 2011 resulted from the inclusion of additional other energy sources (e.g. naphtha and methanol) into the indicator scope.

4

The increased water use from 2012 on is mainly due to the use of sea water and once-through water at newly reported sites.

5

Water consumption relates to drinking water and industrial water used. Once-through water is drawn from a natural or other sources, solely warmed and ultimately piped back to the original source at a temperature not posing any risk to the surrounding ecosystem.

6

The indicators on the usage of resources and materials were overstated for the year 2011 in the previous year's report and therefore adjusted retrospectively.

7

Includes greenhouse gases specified in the Kyoto protocol: methane (CH4), nitrous oxide (laughing gas, N2O), perfluorocarbons (PFCs), hydrofluorocarbons (HFCs), sulphur hexafluoride (SF6) and since 2013 nitrogen trifluoride (NF3).

8

We monitor compliance with local regulatory requirements worldwide and report our data for all sites legally obliged to report emissions.

9

Incineration waste is partly used for heat recovery.

10

Severe traffic incidents, e.g. with heavy effects on the health of the employees involved or with reportable emissions to the environment, as well as transport incidents leading to material costs above a defined threshold

11

The figures disclosed relate to internal and external audits conducted at production sites worldwide.

12

Staff turnover rate relates to employees who left the Group voluntarily during the period under review.

13

At the end of 2012 one employee suffered fatal injuries during an accident. The internal reporting of this work-related accident was completed after the 2012 editorial deadline. The indicator has been adjusted retrospectively.

Workplace accidents of employees with at least one day of absence

 

 

 

304

 

324

 

144

 

198

 

202

Workplace accidents of contractors with at least one day of absence

 

 

 

150

 

155

 

131

 

170

 

128

Workplace accidents with at least one day of absence (employees)

 

per million hours worked

 

2.3

 

2.5

 

1.4

 

1.9

 

2.0

Workplace accidents with at least one day of absence (contractors)

 

per million hours worked

 

1.7

 

1.3

 

1.6

 

2.2

 

1.7

Fatal workplace accidents involving employees

 

 

 

4

 

413

 

5

 

2

 

3

Fatal workplace accidents involving contractors

 

 

 

6

 

4

 

3

 

4

 

7

Sick days per employee

 

per employee

 

4.7

 

4.7

 

5.0

 

5.3

 

5.5

Included in the group management report of the Annual Report 2013