The French gases manufacturer Air Liquide benefited from good demand last year.
Group revenue rose on a comparable basis by 3.7 percent to a good 27.6 billion euros compared to the previous year, as Linde’s competitor announced on Tuesday in Paris. Analysts had hoped for a bit more. However, including the consequences of the sharp decline in energy prices and negative currency effects, sales fell by 7.8 percent. Air Liquide has to pass on price fluctuations to customers from large industries.
In the current year, company boss Francois Jackow wants to further increase the operating margin and, at constant exchange rates, increase the net profit adjusted for special effects.
In 2023, Air Liquide earned a bottom line of a good 3.3 billion euros, five percent more than the year before. Analysts on average had expected this. For the past year, 3.20 euros per share are to be paid out as a dividend, which is 8.5 percent more than the year before.
PARIS (dpa-AFX) – Air Liquide shares rose significantly in trading on Tuesday. Most recently, the value on EURONEXT in Paris rose by 5.68 percent to 181.30 euros. With the profits, Air Liquide moved into the range of new all-time highs.
JPMorgan analysts rated the figures as good overall. What is crucial, however, is the margin increase promised for 2024 and 2025. The UBS experts also pointed to better-than-expected organic growth.
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PARIS (dpa-AFX)
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