Air Liquide posted a rise in full-year net profit as all gas and services businesses—accounting for most of group sales—recorded 2% sales growth.
French industrial gases group Air Liquide reported slightly higher than expected recurring operating income for 2025 on Friday, citing efficiencies, pricing management particularly in the Industrial Merchant unit, and dynamic asset portfolio management.
Q3 results showed resilient sales growth and a record €4.9 billion project backlog, supporting medium-term visibility. Growth catalysts include the DIG Gases acquisition, AI/data center tailwinds, and underappreciated electronics and space-related applications. Attractive relative valuation with re-rating potential. We remain buyers.
Goldman Sachs International Equity ESG Fund initiated a position in ING Group (2.6%), a Dutch global financial institution. We initiated a position in Air Liquide (2.0%), which produces, markets, and sells industrial and healthcare gases. We exited our position in Nestle, a large Swiss food and beverage company.
Air Liquide is well-positioned to benefit from clean energy, electrification, and semiconductor industry tailwinds. AIQUY's diversified segments, including healthcare and electronics, provide resilience and exposure to both cyclical and counter-cyclical markets. Recent financials show margin expansion and steady growth, driven by pricing power and organizational simplification despite macroeconomic headwinds.
L'Air Liquide S.A. (OTCPK:AIQUF) Q2 2025 Earnings Conference Call July 29, 2025 4:30 AM ET Company Participants Adam Peters - Chief Executive Officer and President Aude Rodriguez - Head of Investor Relations Emilie Mouren-Renouard - Corporate Participant Francois Jackow - CEO & Director Jérôme Pelletan - Chief Financial Officer Conference Call Participants Geoffrey Robert Haire - UBS Investment Bank, Research Division Georgina Fraser - Goldman Sachs Group, Inc., Research Division James Hooper - Sanford C.
French industrial gases group Air Liquide reported a half-year revenue in line with market expectations on Tuesday, citing a favourable energy impact that was mitigated by negative currency effects.
L'Air Liquide S.A. (OTCPK:AIQUF) Q1 2025 Results Conference Call April 24, 2025 4:00 AM ET Company Participants Aude Rodriguez - Head of Investor Relations Francois Jackow - Chief Executive Officer & Director Jerome Pelletan - VP, Chief Financial Officer & Member of the Executive Committee Adam Peters - VP, Chief Executive Officer, Air Liquide North America Emilie Mouren-Renouard - VP, Europe Industries, Member of the Executive Committee Conference Call Participants Tom Wrigglesworth - Morgan Stanley Tony Jones - Redburn Atlantic Jean-Luc Romain - CIC Market Solutions Peter Clark - Bernstein Laurent Favre - BNP Geoff Haire - UBS Chetan Udeshi - JPMorgan John Campbell - Bank of America Georgina Fraser - Goldman Sachs Aude Rodriguez Good morning, everyone.
L'Air Liquide reported solid H2 results and announced a double-digit dividend per share increase. Major contract wins continue and support the company's backlog. An uplift in core operating profit margin will likely benefit L'Air Liquide shares, confirming our buy rating.
L'Air Liquide S.A. (OTCPK:AIQUF) Q4 2024 Earnings Conference Call February 21, 2025 5:00 AM ET Company Participants Aude Rodriguez - Head of Investor Relations Francois Jackow - Chief Executive Officer & Director Jerome Pelletan - Vice President, Chief Financial Officer & Member of the Executive Committee Emilie Mouren-Renouard - Vice President, Europe Industries, Member of the Executive Committee Adam Peters - Vice President, Chief Executive Officer, Air Liquide North America Conference Call Participants Alexander Jones - Bank of America Chetan Udeshi - JPMorgan Laurent Favre - BNP Jean-Luc Romain - CIC Market Solutions Peter Clark - Bernstein Sebastian Bray - Berenberg Tony Jones - Redburn Atlantic Operator Good morning, ladies and gentlemen, and welcome to the Air Liquide Full Year 2024 Revenue Conference Call.
France's Air Liquide said on Friday that only two out of their six previously awarded hydrogen projects for the U.S. Department of Energy (DoE) might move forward after President Donald Trump froze funding on clean energy projects.
French industrial gases supplier Air Liquide raised its medium-term operating margin guidance and extended the target period by one year on Friday, after its 2024 sales slightly beat market expectations.