Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 96

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 96
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 including Germany, the United Kingdom, France, the Republic of South Africa and Sweden.  

Sales 

EMEA segment sales increased $67 million, or 3%, in the third quarter and increased $78 million, or 1%, for the nine months ended September 30, 2025, compared to the respective 2024 periods. Currency translation increased sales by 5% in the third quarter and 3% year to date, driven primarily by the strengthening of the Euro and British pound against the U.S. dollar. Higher price attainment increased sales by 2% in both the quarter and year-to-date periods. Cost pass-through decreased sales by 1% in the quarter with minimal impact on operating profit and was flat year to date. Volumes decreased sales by 3% in the quarter and 4% in the year-to-date period, primarily driven by the metals and mining, manufacturing, and chemicals and energy end markets.

Operating Profit

Operating profit for the EMEA segment increased by $78 million, or 11%, in the third quarter and $189 million, or 9%, for the nine months ended September 30, 2025, compared to the respective 2024 periods. The increase in the third quarter and year to date was driven primarily by higher pricing, currency translation, and continued productivity initiatives, partially offset by lower volumes. 

APAC

 Quarter Ended September 30,Nine Months Ended September 30,(Millions of dollars)20252024Variance20252024VarianceSales$1,741 $1,716 1 %$4,935 $4,964 (1)%Operating profit$490 $497 (1)%$1,431 $1,418 1 %As a percent of sales28.1 %29.0 %29.0 %28.6 %

 Quarter Ended September 30, 2025 vs. 2024Nine Months Ended September 30, 2025 vs. 2024 % Change% ChangeFactors Contributing to Changes - SalesVolume/Equipment— %(1)%Price/Mix(1)%— %Cost pass-through— %— %Currency(1)%(1)%Acquisitions/divestitures3 %1 %1 %(1)%

The APAC segment includes Linde's industrial gases operations in approximately 15 Asian and South Pacific countries and regions including China, Australia, India, and South