Air Liquide 2011 net profit up by 9.4% to €1.5bn on higher sales

17 February 2012 07:26  [Source: ICIS news]

SINGAPORE (ICIS)--French industrial gases firm Air Liquide reported on Friday a 9.4% increase in its net profit for the full fiscal year of 2011 to €1.5bn ($2.0bn) compared with the same period a year earlier.

The company’s gas and services business saw a 8% increase in its sales to €12.8bn, while the group’s total sales grew by 7.2% to €14.5bn as compared with the same period the previous year, Air Liquide said in a statement.

“In 2011, Air Liquide pursued its investments and growth in developing economies, which now represent 21% of [its] gas and services revenue,” the statement said.

Gas and services sales rose by 6.2% in Europe from the same period last year to €6.6bn.

The company posted a 4.0% increase in the Americas and a growth of 16.6% in Asia-Pacific to €3.1bn.

In addition, sales in the Middle East and Africa increased by 6.5% to €311.5m, the statement added.

“In 2011, Air Liquide continued its growth and the implementation of its business model, notably in developing economies where sales have increased more than 20% over the previous year,” said Benoit Potier, chairman and CEO of the Air Liquide Group.

Barring a major economic downturn, Air Liquide continues to aim for growth in net profit in year 2012, Potier added.

($1 = €0.76)

By: Samuel Wong

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