Air Liquide 3Q Sales Beat Expectations Amid Growth Across Business
25 October 2022 - 05:28PM
Dow Jones News
By Pierre Bertrand
Air Liquide SA on Tuesday said third-quarter revenue exceeded
expectations as growth across the whole of the business drove
sales.
Group revenue came in at 8.25 billion euros ($8.15 billion), a
41% increase from the previous year.
The result is slightly ahead of analysts' expectations of
EUR8.11 billion, according to estimates provided by the
company.
Revenue rose 8.3% on a comparable basis, the French industrial
gases company said.
Revenue at its gas and services unit, which accounts for 96% of
sales, rose 41% to EUR7.9 billion, Air Liquide said. Analysts had
the unit's sales at EUR7.82 billion for the quarter.
Air Liquide said that within that division, sales were
particularly driven by its electronics unit, the strength of its
industrial merchant unit and growth in its healthcare units.
The company backed its full-year guidance, saying it remained
confident it can 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
October 25, 2022 02:13 ET (06:13 GMT)
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