Air Liquide: 3% Q3 comparable sales growth
(CercleFinance.com) - Air Liquide posted sales of E6.
76bn for Q3 2024, down 0.7% as reported, impacted by unfavourable energy (-0.9%) and currency (-3.1%) effects.
However, the industrial gases group announces comparable growth of 3.3%, reflecting the resilience of the business portfolio in a difficult environment, as well as a +2% contribution from Argentina.
We are continuing to improve our margins, and our investment decisions have reached a record level (E1.4bn), paving the way for long-term growth momentum, management said.
Also announcing efficiencies up 10% at end-September, Air Liquide says that it is confident in its ability to further increase its operating margin and achieve growth in recurring net income, at constant exchange rates, in 2024.
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76bn for Q3 2024, down 0.7% as reported, impacted by unfavourable energy (-0.9%) and currency (-3.1%) effects.
However, the industrial gases group announces comparable growth of 3.3%, reflecting the resilience of the business portfolio in a difficult environment, as well as a +2% contribution from Argentina.
We are continuing to improve our margins, and our investment decisions have reached a record level (E1.4bn), paving the way for long-term growth momentum, management said.
Also announcing efficiencies up 10% at end-September, Air Liquide says that it is confident in its ability to further increase its operating margin and achieve growth in recurring net income, at constant exchange rates, in 2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.