Linde Backs 2012 Outlook, 2Q Net Profit Beats Expectations

German industrial gases company Linde AG (LIN.AG) Friday confirmed its 2012 outlook after second quarter net profit beat analysts' expectations, due to rising demand for gas in especially emerging economies as well as the implementation of its High Performance Organization program.

MAIN FACTS:

-Linde still expects an increase in revenue and operating profit in 2012.

-The company says its global footprint and balanced spread across different sectors enabled it to compensate for faltering demand in some markets and currency weaknesses.

-If Linde can complete the intended acquisition of the US homecare company Lincare Holdings Inc. (LNCR) as planned, "we expect to generate group operating profit of at least 4 billion euros ($4.92) in the 2013 financial year, one year earlier than previously announced," Chief Executive Officer Wolfgang Reitzle said.

-However, Linde expects to reach its 14% target for return on capital employed in 2015, one year later than planned.

-Second quarter group revenue rose 6.4% on the year to EUR3.67 billion, while net profit increased to EUR304, up 7.8% on the year.

-Operating profit increased 6.1% to EUR847 million, and earnings before interest and taxes rose 5.3% to EUR497 million.

-Second quarter earnings per share came in at EUR1.77, up 7.3% on the year.

-Write to the Frankfurt Bureau at [e-mail]

Order free Annual Report for Linde AG

Visit http://djnweurope.ar.wilink.com/?ticker=DE0006483001 or call [phone]

Order free Annual Report for Lincare Holdings, Inc.

Visit http://djnweurope.ar.wilink.com/?ticker=US5327911005 or call [phone]

Order free Annual Report for Linde AG

Visit http://djnweurope.ar.wilink.com/?ticker=US5352232004 or call [phone]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires