Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 78

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 78
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 Mexican peso against the U.S. dollar. 

Operating profit 

Operating profit in the Americas segment increased $49 million, or 5%, in the first quarter versus the respective 2024 period, driven primarily by higher pricing and continued productivity initiatives, which more than offset cost inflation and currency translation.    

EMEA

 Quarter Ended March 31,(Millions of dollars)20252024VarianceSales$2,031 $2,091 (3)%Operating profit$722 $687 5 %As a percent of sales35.5 %32.9 %

28

 Quarter Ended March 31, 2025 vs. 2024% ChangeFactors Contributing to Changes - SalesVolume(3)%Price/Mix2 %Cost pass-through1 %Currency(3)%Acquisitions/divestitures— %(3)%

The EMEA segment includes Linde's industrial gases operations in approximately 45 European, Middle Eastern and African countries including Germany, United Kingdom, France, the Republic of South Africa and Sweden.  

Sales 

EMEA segment sales decreased $60 million, or 3%, in the first quarter compared to the respective 2024 period. Higher price attainment increased sales by 2% in the quarter. Cost pass-through increased sales by 1% in the quarter with minimal impact on operating profit. Currency translation decreased sales by 3% in the first quarter, driven primarily by the weakening of the Euro against the U.S. dollar. Volumes decreased sales by 3% in the quarter, primarily driven by the metals & mining and chemicals & energy end markets.  

Operating Profit

Operating profit for the EMEA segment increased by $35 million, or 5%, in the first quarter compared to the respective 2024 period. The increase in the first quarter was driven primarily by higher pricing and continued productivity initiatives, partially offset by cost inflation, lower volumes and currency translation. 

APAC

 Quarter Ended March 31,(Millions of dollars)20252024VarianceSales$1,539 $1,591 (3)%Operating profit$451 $447 1 %As a percent of sales29.3 %28.1 %

 Quarter Ended March 31, 2025 vs. 2024 % ChangeFactors Contributing to Changes - SalesVolume/Equipment(1)%Price/Mix— %Cost pass-through— %Currency(2)%Acquisitions