Key Developments: Linde AG (LING.DE)

LING.DE on Xetra

17 Apr 2014
Price Change (% chg)

€0.45 (+0.32%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Search Stocks

Latest Key Developments (Source: Significant Developments)

Linde AG gives FY 2014 outlook with operating profit above analysts' estimates and confirms FY 2016 operating profit outlook; to propose FY 2013 dividend
Monday, 17 Mar 2014 02:30am EDT 

Linde AG:To propose that dividend of 3.00 euros per share be paid for FY 2013.This is increase of 11.1 pct compared with prior-year dividend of 2.70 euros.Expects solid growth in group revenue in FY 2014.Anticipates to achieve moderate improvement in group operating profit in FY 2014.FY 2013 revenue of 16.655 billion euros, FY 2013 operating profit of 3.966 billion euros.FY 2014 revenue estimate 17.704 billion euros and FY 2014 operating profit estimate 3.228 billion euros - Thomson Reuters I/B/E/S.Seeks still to achieve group operating profit of at least 5 billion euros in FY 2016.These medium-term targets were set at end of 2012 based on assumption that there would not be any significant shifts in exchange rates compared with rates prevailing at that time.However, if unfavourable exchange rates which applied at end of 2013 were to continue to apply over coming years, this would reduce Group operating profit in 2016 by around 400 million euros and might also have adverse impact on return on capital employed.  Full Article

Linde AG to deliver two hydrogen plants to Russia
Tuesday, 11 Feb 2014 03:00am EST 

Linde AG:Says it has signed an engineering and procurement contract for two hydrogen plants in Nizhnekamsk, Republic of Tatarstan, Russian Federation.Says the contract was awarded by PSC TAIF-NK. The contract is worth around 120 million euro.Says the two new hydrogen plants, each with a capacity of around 110,000 normal cubic metres per hour (Nm3/h), will supply high purity hydrogen to the heavy residue conversion complex at the Nizhnekamsk refinery site.Says the new hydrogen plants are planned to be delivered by the end of 2015.  Full Article

Linde AG and Nynas AB conclude hydrogen on-site contract
Friday, 7 Feb 2014 03:00am EST 

Linde AG:Says it has signed a long-term contract with Nynas AB, for the on-site supply of hydrogen at Nynas' refinery in Hamburg, Germany. To this end, the Linde Engineering Division will build a steam methane reformer plant with total investments accounting to around 30 million euro.  Full Article

Linde AG, Air Liquide SA, Daimler AG, OMW AG, Total SA's Total Deutschland GmbH and Royal Dutch Shell PLC's German Shell Holding Agree on Construction of Hydrogen Refuelling Network in Germany
Monday, 30 Sep 2013 07:06am EDT 

Linde AG (Linde) announced that the six partners in the 'H2 Mobility' initiative, Air Liquide SA, Daimler AG, Linde, OMV AG, Royal Dutch Shell PLC's German Shell Holding and Total SA's Total Deutschland GmbH, have set up upon a specific action plan for the construction of a nationwide hydrogen refuelling network for fuel cell-powered electric vehicles. By the year 2023 the current network of 15 filling stations in Germany's public hydrogen infrastructure shall be expanded to about 400 H2 filling stations. As a first step the deployment of 100 hydrogen stations in Germany over the next four years is intended. This would ensure a need-related supply for fuel cell-powered electric vehicles to be introduced into the market in the next years. An agreement in principle has been signed by representatives of all the partners involved. In addition to plans for a nationwide filling station network, the agreement includes the principles for the procurement and distribution of the necessary hydrogen and a request for support to the German Federal Government. Following the foundation of a joint venture (subject to necessary regulatory approvals), gradual expansion of the national filling station network will commence next year. The 'H2 Mobility' initiative expects that a total investment of around EUR 350 million will be required for this project. The launch of fuel cell-powered production vehicles on the German market has been announced by first manufacturers for 2015.  Full Article

Linde AG Announces Appointment of CEO
Friday, 27 Sep 2013 04:45am EDT 

Linde AG announced that the Supervisory Board of Linde AG has appointed Dr Wolfgang Buechele as member of the Executive Board effective May 1, 2014 and designated CEO. Following the annual general meeting on May 20, 2014, Dr Buechele will take over the role as CEO from Prof. Dr Wolfgang Reitzle whose appointment will end then due to reaching the age limit.  Full Article

Linde AG Develops New Hydrogen Storage Technology
Wednesday, 25 Sep 2013 03:00am EDT 

Linde AG announced that it has developed a new storage technology that will enable a more efficient transport of larger amounts of hydrogen. The new solution works at a higher pressure of 500 bar (7,250 psi) and uses new, lighter storage materials to more than double the amount of compressed gaseous hydrogen (CGH2) that can be transported in a single truck load.  Full Article

Linde AG Confirms Short-term and Medium-term Outlook
Tuesday, 30 Jul 2013 01:30am EDT 

Linde AG announced that it confirms its short-term and medium-term outlook.  Full Article

Linde AG Shortlists Three External Candidates To Succeed Chief Executive Officer-Reuters
Thursday, 20 Jun 2013 02:04am EDT 

Reuters reported that German industrial gases producer Linde AG has shortlisted possible successors to Chief Executive Wolfgang Reitzle, German paper Die Welt said in the edition, citing people close to the Company. Henkel's Chief Executive Officer (CEO) Kasper Rorsted and BASF Deputy Chief Executive Martin Brudermueller are among those in the running, Die Welt said. A decision on succession is not expected before November, the paper said. Reitzle's contract runs out in May 2014, the paper said.  Full Article

Linde AG Signs Contract with SIBUR for New Air Separation Units
Monday, 17 Jun 2013 02:30am EDT 

Linde AG announced that it will be managing the gas supply infrastructure of SIBUR, the petrochemical company in Russia, CIS and Eastern Europe, at its Dzerzhinsk site in the Nizhny Novgorod region of Russia, also building and operating two new air separation units (ASUs). Both companies signed a long-term contract, under which Linde will be investing EUR 70 million in the ASUs. The new on-site plants are set to come on stream at the end of 2015.  Full Article

Linde AG Forms Joint Venture with JSC KuibyshevAzot to Build and Operate Ammonia Plant at Togliatti, Russia
Tuesday, 28 May 2013 02:30am EDT 

Linde AG announced that it has formed a joint venture with chemical company JSC KuibyshevAzot to build and operate an ammonia plant at the Togliatti site in Russia's Samara region. Both partners signed an agreement to this effect on May 27, 2013. The deal will involve a total investment volume of approximately EUR 275 million. Both companies have an equal stake in the newly formed venture, Linde Nitrogen Togliatti.  Full Article

Fracking with CO2 to replace water a distant goal, GE says

NISKAYUNA, New York, April 7 - Carbon dioxide, used for years to force crude oil out of old wells, likely will not replace water in fracking anytime soon because of technical challenges and limited infrastructure, says General Electric Co , which is studying the issue under a $10 billion research program.

Search Stocks