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ots Ad hoc-Service: Linde AG <DE0006483001> Double-digit Growth in Group Results Extra Distribution for Shareholders

Wiesbaden (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
The Linde Group, Wiesbaden, recorded a surge in results in 2000.
Earnings before taxes (EBT) increased by 15 percent to 481 million
Euro. Shareholders will receive
a dividend of 1.35 Euro per share (1999: 1.13 Euro per share). Of
this amount, 0.22 Euro per share reflect on the extra distribution of
equity capital which was charged with a corporation tax rate of 45
percent. The Executive Board of Linde AG will propose this in
accordance with the Supervisory Board at the Annual General Meeting
on May 29, 2001. Domestic shareholders will thus receive a gross
dividend of 1.93 Euro payable on each share held, this including the
tax credit.
In 2000, the Swedish gases company AGA AB was consolidated for the
first time and the structure of the Linde Group has consequently
considerably changed. As was announced earlier this year, group sales
went up 36.4 percent totaling 8.450 billion Euro. EBITDA (earnings
before interest, taxes, depreciation and amortization of goodwill)
increased by 78.6 percent to 1.345 billion Euro. At the same time,
depreciation and goodwill amortization of 107 million Euro increased
to a total of 677 million Euro (1999: 315 million Euro). Earnings
before interest and taxes (EBIT) thus went up 230 million Euro to 668
million Euro, this being a plus of 52.5 percent. As negative net
interest has increased from 21 million Euro to 187 million Euro, EBT
amounts to 481 million Euro.
Annual net income rose by 5.0 percent to 274 million Euro. This
relatively low increase is attributable to a higher tax ratio which
rose from 37.5 percent to 43 percent as charges from the amortization
of goodwill are not tax deductible. Without these charges, which are
mainly attributable to the AGA acquisition in 2000, the tax ratio
would stand at 35.2 percent.
As compared to the end of the previous year, earnings per share
improved from 2.04 Euro to 2.29 Euro. Excluding the amortization of
goodwill, earnings per share amount to 3.18 Euro.
WKN: 648300; Index: DAX-30 Listed: Amtlicher Handel in Berlin,
Düsseldorf, Frankfurt, Hamburg, München, Stuttgart, EUREX; Geregelter
Markt in Bremen; Freiverkehr in Hannover; Zürich
End
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