Air Products targets revenues of $15bn per year by 2015 - CEO

09 June 2011 16:09  [Source: ICIS news]

HOUSTON (ICIS)--Air Products intends to increase its growth by 11%13% per year to achieve total revenues of $15bn (€10bn) in 2015, the US-based international industrial gases major said on Thursday.

The target compares with full-year sales of $9bn that Air Products recorded in its 2010 fiscal year.

CEO John McGlade said Air Products’ operating margin should improve by 300 basis points to 20% and its return on capital should increase by 150 basis points to 15% from 2011 to 2015.

The company would achieve the improvement through its strong positions in energy, environmental and emerging markets worldwide, he said.

Air Products' innovation, improvement and integration actions should allow the company to continue to lower its costs, improve returns and gain a greater competitive advantage over its peers, McGlade told investors at a conference in New York.

($1 = €0.69)

For more on Air Products and other producers, visit ICIS company intelligence

By: Stefan Baumgarten
+1 713 525 2653

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