Air Liquide 2019 Net Profit, Revenue Rose
February 11 2020 - 2:14AM
Dow Jones News
By Giulia Petroni
Air Liquide SA (AI.FR) said Tuesday that net profit and revenue
rose in 2019.
Net profit at the industrial-gas supplier rose to 2.24 billion
euros ($2.45 billion) from EUR2.11 billion a year earlier, the
company said.
Revenue for the year increased to EUR21.92 billion from EUR21.01
billion, Air Liquide said. Analysts had forecast net profit of
EUR2.23 billion on revenue of EUR22.08, according to a consensus
compiled by FactSet.
"Overall, and despite the expected global economic slowdown
observed in the fourth quarter, the group delivered robust
results," the company said.
The increase was partly driven by the gas and services and
global markets and technologies segments. The acquisition of Tech
Air in the first quarter and the disposal of Fujian Shenyuan in
September contributed positively as well, the company said.
Air Liquide said it will propose a dividend of EUR2.70 a share
at the next annual general meeting.
Looking ahead, the company said it expects to increase its
operating margin and deliver net profit growth at constant exchange
rates.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 11, 2020 01:59 ET (06:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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