Linde Q1 profit boosted by Lincare acquisition

FRANKFURT Mon May 6, 2013 1:42am EDT

Related Topics

FRANKFURT May 6 (Reuters) - Germany's Linde, the world's No. 2 industrial gases producer, reported on Monday a 12.6 percent gain in first-quarter operating profit, boosted by last year's acquisition of U.S.-based Lincare.

Operating profit for the three months through March came to 953 million euros ($1.25 billion), exceeding an average analyst estimate of 921 million euros in a Reuters poll.

Lincare, a provider of oxygen and respiratory therapy services to patients in the home, contributed 397 million euros of Linde's first-quarter sales of 3.99 billion euros.

($1 = 0.7624 euros) (Reporting by Maria Sheahan)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article