Air Liquide: UBS still buying after QS results
(CercleFinance.com) - Air Liquide has announced Q3 2024 sales of E6.
76bn, down 0.7% as reported, impacted by unfavourable energy (-0.9%) and currency (-3.1%) effects.
UBS points out that margin exceeds the target. It therefore confirms its Buy recommendation on the share, with a target price of E200.
Organic sales growth was 3.3%, compared with 2.6% in H1. Management confirms EBIT margin improvement continues to exceed 100bp in Q3 2024. Operating cash flow is up 2% y-o-y, UBS says.
Air Liquide says it is confident in its ability to again increase its operating margin and achieve growth in recurring net income, at constant exchange rates, in 2024.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
76bn, down 0.7% as reported, impacted by unfavourable energy (-0.9%) and currency (-3.1%) effects.
UBS points out that margin exceeds the target. It therefore confirms its Buy recommendation on the share, with a target price of E200.
Organic sales growth was 3.3%, compared with 2.6% in H1. Management confirms EBIT margin improvement continues to exceed 100bp in Q3 2024. Operating cash flow is up 2% y-o-y, UBS says.
Air Liquide says it is confident in its ability to again 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.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as decision-making aids for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.