Air Liquide’s H1 net profit rises 5.3% to €790m on higher sales

30 July 2012 09:50  [Source: ICIS news]

LONDON (ICIS)--Air Liquide’s first-half net profit increased by 5.3% year on year to €790m ($975m) as sales rose over the period, the French industrial gases firm said on Monday.

The group’s revenue for the six months ending 30 June grew by 5.9% year on year to €7.53bn, with recurring operating income increasing by 4.4% to €1.24bn.

Air Liquide said the momentum in most developing economies, particularly central and eastern Europe, South America, Africa and the Middle East, compensated for a weaker level of activity in advanced economies.

“In the first half of 2012, activity levels reflect the caution of many of our customers around the world, in the context of an economic environment which is still affected by the sovereign debt crisis in Europe and by further slackening of global growth,” said chairman and CEO Benoit Potier.

“Yet, the Group has delivered once again a solid performance which will be enhanced in the second half by a large number of plant start ups,” he added.

($1 = €0.81)

By: Franco Capaldo
+44 (0)20 8652 3214

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