Linde stays on track for success.

Last Updated: 13. Februar 2024By

About a year ago, the gas manufacturer Linde, at that time the most valuable DAX corporation, turned its back on the German stock market. The main stock exchange is now in New York. In Germany, Linde is officially listed as a foreign stock.

For the financial center Frankfurt, it was a bitter loss to lose its biggest heavyweight. However, the strong development of the Linde share has not been affected by the „move“. The stock price has increased by around 30% since then. The impressive long-term uptrend remains unbroken.

Linde: Leading manufacturer of industrial gases Linde has officially been a non-German company since October 2018. Since then, the former Linde AG has been operating as Linde plc. The background was the merger with American competitor Praxair, which led to the company’s headquarters being relocated to Ireland. However, the company is still managed from Danbury, Connecticut in the United States. The merger with Praxair has proven to be a „dream wedding“. Since the merger, the market value has grown by around 160%.

With a market share of over 30%, Linde is the world’s leading manufacturer of industrial gases, which are used in various areas such as the energy sector, steel production, chemical processing, environmental protection, and medical therapies. In addition, Linde plans and builds industrial plants for process engineering projects and the production of plant components.

Linde aims for further record profit Just a few days ago, Linde presented its current business figures. In the fourth quarter of 2023, revenue rose by 5% to $8.3 billion thanks to price increases. At the bottom line, Linde earned $1.54 billion, 16% more than in the same quarter of the previous year. Although revenue for the full year 2023 fell slightly by 2% to $32.85 billion, net profit increased by 49% to $6.20 billion.

In the current fiscal year 2024, Linde is aiming for another record result. Adjusted for special effects, earnings per share are expected to increase by up to 10% to $15.25 to $15.65 per share.

Source: Long-term uptrend set to continue Although it is not a bargain, the Linde share remains promising. Quality comes at a price. In the medium term, the impressive long-term uptrend is expected to continue.

After a pause in the past few weeks, the stock has recently started to rise again. There is nothing standing in the way of an attack on the all-time high of $434 from mid-December. If the breakout to new highs succeeds, the next round mark at $500 is the next target.