Air Liquide Third-Quarter Revenue Rose
22 Oktober 2021 - 8:23AM
Dow Jones News
By Ed Frankl
Air Liquide said Friday that third-quarter revenue topped
expectations, supported by momentum in the electronics industry and
continued recovery of its industrial merchant business.
Group revenue came to 5.83 billion euros ($6.78 billion) in the
three months to the end of September, around 17% higher than
EUR4.98 billion the previous year, the industrial-gases company
said.
The result is slightly ahead of expectations of EUR5.78 billion,
according to analysts' estimates provided by the company.
Revenue rose 7.1% on a comparable basis, the Paris-based company
said.
Sales in its gas and services activities, which represents a
large majority of the business, rose to EUR5.59 billion in the
quarter from EUR4.78 billion last year, Air Liquide said.
Electronics sales increased 6.6% in what the company called "a
thriving market" with its industrial merchant business rising
7.5%.
Revenue in its healthcare division rose 14.5% through its
involvement in providing medical oxygen during the pandemic, the
company added.
Air Liquide said it continued to improve its operating margin,
with efficiencies of EUR314 million in the first nine months, in
line with its annual target of more than EUR400 million.
It said it is confident in further increasing its operating
margin to deliver recurring net profit growth at constant exchange
rates in 2021.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
October 22, 2021 02:08 ET (06:08 GMT)
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