Linde forecasts earnings growth in 2023 boosted by hydrogen deals | – #Linde #forecasts #earnings #growth #boosted #hydrogen #deals
Feb 7 (Reuters) – Linde ( LIN.N ), the world’s biggest industrial gases company, forecast a rise in profit for 2023 on Tuesday after posting better-than-expected fourth-quarter profit boosted by clean hydrogen projects as the company seeks to cut emissions. .
On Monday, OCI’s ( OCI.AS ) after 2022 contracts with BASF ( BASFn.DE ), BP ( BP.L ) and Airbus USA1.8 to supply pure hydrogen to the blue ammonia plant in Texas billion dollars said he would invest. (AIR.PA).
“We are well-positioned to win more than our fair share of high-quality projects, primarily in clean energy,” Chief Executive Sanjiv Lamba said in an earnings report.
A supplier of gases such as oxygen, nitrogen and hydrogen to factories and hospitals USA-The German company, 2.91 per share of analysts in a survey of Refinitiv dollars 3.16 per adjusted share in the fourth quarter, beating estimates dollars reported profit.
Latest UpdatesNetworks & Infrastructurecategory BP hits record profit in 2022, raises oil costs, image articleMarketscategoryOil China outlook, supply concerns after Turkey earthquake, image article
See 2 more stories
Linde has consistently beaten earnings estimates over the past two years, benefiting from increased hydrogen investments.
Countries Europe to reach the EU’s net-zero emissions target by 2050 and, more recently, Europe’s Russia seeks to limit greenhouse gas emissions and expand renewable energy sources in polluting sectors to reduce dependence on fossil fuel oil and gas.
The group also forecasts earnings per share growth of 9-12% in 2023, excluding currency headwinds, citing a balanced end-market portfolio, high network density and capital discipline.
Its total sales rose 1% to 7.9% in the final quarter of 2022, excluding currency headwinds billion 8.39 of the Refinitiv survey billion lower than the dollar estimate.
Reporting by Bartosz Dabrowski and Andrey Sychev in Gdańsk; Edited by Milla Nissi
Our standards: Thomson Reuters Trust Principles.
2023-02-07 16:08:56
Source – reuters
Translation“24 HOURS”