NEW YORK, March 10, 2011 /PRNewswire/ -- Get content from The Linde Group at:
At its meeting yesterday, the Supervisory Board of Linde AG approved the financial statements of the holding company and the Group financial statements for the 2010 financial year. At this meeting, it also appointed Sanjiv Lamba (46) as a new member of the Linde AG Executive Board with immediate effect. Mr. Lamba, who is based in Singapore, will be responsible in future for the gases business of the Group in Greater China, South and East Asia and in the South Pacific region. In the 2010 financial year, Group sales rose 14.8% to EUR 12.868 bn (2009: EUR 11.211 bn). By way of comparison, Linde achieved sales in the 2008 financial year of EUR 12.663 bn. The Group continued to increase its profitability, with Group operating profit growing at a faster rate than sales, up 22.6% to EUR 2.925 bn (2009: EUR 2.385 bn). Group operating profit in 2008 was EUR 2.555 bn. The Group operating margin in the 2010 financial year increased by 140 basis points to 22.7% (2009: 21.3%).
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