good revenue recovery in Q3

good revenue recovery in Q3
good revenue recovery in Q3

Air Liquide benefited from a strong recovery in the third quarter, with a 17.2% jump in sales bringing the increase in sales to 9.4% over the first nine months of the year, marked by wholesale investments in hydrogen and energy transition.

From July to September, the French industrial gases group achieved sales of 5.83 billion euros (6.22 million francs), bringing to 16.7 billion euros (17.82 billion francs). francs) the turnover for the first nine months of the year (archives).

ATS

From July to September, the French industrial gases group achieved sales of 5.83 billion euros (6.22 million francs), bringing to 16.7 billion euros (17.82 billion francs). francs) turnover for the first nine months of the year.

“All activities are growing, whether gas and services in all regions of the world, engineering and construction or global markets and technologies, in a more buoyant market environment,” said the group’s CEO, Benoît Potier, quoted in a press release.

In the third quarter, investment decisions reached a high level of 873 million euros, or 2.8 billion euros since the start of the year. A third of the investments are linked to the energy transition, including several projects linked to the decarbonisation of industry via hydrogen.

Confirmed forecasts

Faced with the sharp rise in energy prices in recent months, Air Liquide has been preserved by its operating model which allows it to transfer energy costs to its customers in large industries as part of its policy. contractual. Its energy purchases represent 50% of its total purchases.

Suddenly, the group confirmed its profitability forecasts for the whole year.

“In 2021, Air Liquide is confident in its ability to further increase its operating margin and achieve growth in net income excluding exceptional items, at constant exchange rates and excluding the impact of a possible US tax reform in 2021,” said the group in its press release.

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good revenue recovery

 
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