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Linde: "The mail goes out in Asia,"

The chief executive of the industrial gas maker Linde Reitzle is enthusiastic about the tailwind from Asia. Linde wants to increase sales and profits this year. Reitzle "the mail goes out in Asia."

with a following wind from Asia wants the industrial gas maker Linde sales and earnings this year would increase again. In Europe and America, demand is still "not very good, we are growing in Asia at the moment, 20 percent plus. The Post goes out in Asia, "Chief Executive Wolfgang Reitzle said on Wednesday in Munich. The plant is weakening further, but the gas business should enter a record result, "We have therefore every reason to confidently look forward," said Linde's CEO.

Last year, net income decreased by 16 percent to 653 million euros. Revenues fell by 11.5 percent to 11.2 billion, operating profit to 2.4 billion euros. This was shown in the crisis year, Linde weatherproof and will now benefit from enhanced its leading position in emerging economies, said Reitzle and announced, "In 2010 its consolidated sales and net income increase compared to the previous year. Operating income will grow faster than sales. He did not name specific figures. The savings program would be continued consistently, but the downsizing is completed, said the CEO.


major contracts moved


The most important division, the gas business is to surpass even the 2010 record of 2008. Linde is in the growth markets in China, South and East Asia, Middle East and Eastern Europe "in the gas business is the clear number one," said Reitzle. In Asia, booming demand. In the steel and chemical industries, he expected this year with a revival. In the food industry and in carving out the demand is growing constantly.

benefit in the smaller but heavier troubled division Linde plant from its strong order book and expect a stable business in the next two years. The 2009 sales collapsed by 23 percent in the current year, at least that level hold, said Reitzle. Although customers could move other large orders, but in the Middle East, China and India increased investment.


smaller purchases without capital increase planned


After the "most difficult year in six decades," look Linde "confident and optimistic about the future," but due to economic uncertainties not "overly optimistic," said the CEO. He made some smaller acquisitions, "but no large acquisition on the radar screen." For a capital there was no need. The debt, which at Linde The acquisition of British rival BOC had made in 2006 could be reduced in the last year of 6.4 to 6.1 billion euros.

The dividend will distribute Linde unchanged 1.80 euros per share. The Annual General Meeting held on on 12 May.