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Linde: Q4 below expectations

(CercleFinance.com) - On Thursday Linde group announced Q4 2019 sales of 7.
1 billion dollars, up 3% y-o-y, with operating profit of 700 million dollars.

Corresponding adjusted (non-GAAP) EPS was 1.94 dollar, above expectations, albeit above the consensus of 1.83 dollar. It is also higher than Q4 2018 EPS (1.51 dollar).

Regarding its outlook, the group says that it targets FY 2020 EPS growth of 10%, to between 8 dollars and 8.25 dollars.


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