Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 94

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 94
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$2,091 3 %$4,193 $4,182 — %Operating profit$780 $704 11 %$1,502 $1,391 8 %As a percent of sales36.1 %33.7 %35.8 %33.3 %

30

 Quarter Ended June 30, 2025 vs. 2024Six Months Ended June 30, 2025 vs. 2024% Change% ChangeFactors Contributing to Changes - SalesVolume(4)%(3)%Price/Mix3 %2 %Cost pass-through— %— %Currency4 %1 %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 increased $71 million, or 3%, in the second quarter and were flat for the six months ended June 30, 2025 compared to the respective 2024 periods. Higher price attainment increased sales by 3% in the quarter and increased 2% year to date. Currency translation increased sales by 4% in the second quarter and increased sales by 1% year to date, driven primarily by the strengthening of the Euro and British pound against the U.S. dollar. Volumes decreased sales by 4% in the quarter and 3% in the year-to-date period, primarily driven by the metals & mining and manufacturing end markets. Cost pass-through was flat in both the quarter and year-to-date periods with minimal impact on operating profit.

Operating Profit

Operating profit for the EMEA segment increased by $76 million, or 11%, in the second quarter and increased $111 million, or 8%, for the six months ended June 30, 2025 compared to the respective 2024 periods. The increase in the second quarter and year to date was driven primarily by higher pricing, currency translation, and continued productivity initiatives, partially offset by cost inflation and lower volumes. 

APAC

 Quarter Ended June 30,Six Months Ended June 30,(Millions of dollars)20252024Variance20252024VarianceSales$1,655 $1,657 — %$3,194 $3,248 (