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BASIC INDUSTRIES: Linde (LIN A2/A/NR): 2Q24 Results

BASIC INDUSTRIES

Nothing really credit moving here.

  • Linde reported revenue in line with consensus. Sales were up 3% LfL with Healthcare and Metals & Mining slightly down.
  • Adj. EBITDA was 2% better than expected with margins a touch ahead.
  • FCF missed expectations by 59%, mainly on negative WC vs positive expected. Leverage is left at 1.4x.
  • FY24 EPS guidance tightened to the upside.
  • Webcast 14.00 BST https://events.q4inc.com/attendee/532427608

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