Air Liquide 1Q Revenue Increase Exceeds Expectations
April 27 2023 - 1:12AM
Dow Jones News
By Pierre Bertrand
Air Liquide SA reported a rise in first-quarter revenue on
Thursday as its gas and services division posted growth in all
regions.
The French industrial-gases company said first-quarter revenue
grew 4.2% to 7.17 billion euros ($7.92 billion), compared with
EUR6.89 billion a year prior.
On a comparable basis, quarterly revenue grew 6.2%, Air Liquide
said.
The result compares to expectations of EUR7.08 billion in
quarterly revenue, according to a consensus of analysts polled by
FactSet.
Revenue at the company's gas and services division, its
biggest--accounting for 96% of group sales--, rose 4.6%, or 6.7% on
a comparable basis, to EUR6.89 billion. Analysts on FactSet had the
division's revenue at EUR6.81 billion.
It added that it will continue to deploy its strategic plan and
said that it remains confident in its ability to further increase
its operating margin and deliver recurring net profit growth at
constant exchange rates.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
April 27, 2023 01:57 ET (05:57 GMT)
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