LONDON, Oct 27 (Reuters) - German industrial gases group Linde, which is striving for an $80 billion merger with U.S. peer Praxair, reported third-quarter core earnings above analysts’ forecasts and confirmed its sales and earnings targets for 2017.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 3 percent to 1.03 billion euros ($1.2 billion), Munich-based Linde said on Friday, beating the average forecast of 1.02 billion euros in a Reuters poll.
Sales slipped 1 percent to 4.21 billion euros, missing the Reuters poll average of 4.25 billion.
Linde said its planned all-share merger of equals had so far been approved by anti-trust authorities in Pakistan, Paraguay, Russia and Turkey. It will hold a news conference at 0800 GMT.
$1 = 0.8596 euros Reporting by Alexander Huebner; Writing by Georgina Prodhan; Editing by Maria Sheahan