Air Liquide 1Q Revenue Rose Slightly, Expects 2020 Net Profit to Be Close to 2019
April 24 2020 - 2:21AM
Dow Jones News
By Jessica Sier
Air Liquide SE reported a modest lift in first-quarter revenue
and expects net profit to come in close to 2019's level despite the
coronavirus pandemic, the company said Friday.
The French industrial-gas supplier said comparable revenue rose
0.6% to 5.37 billion euros ($5.80 billion) in 1Q.
Air Liquide said it had generated EUR91 million in efficiencies
during the first quarter as the pandemic forced the shut down of
its plants globally. The company aims to surpass EUR400 million in
efficiencies in 2020.
The company said it is confident net profit will be close to the
2019 level and that it can increase the operating margin
further.
Cash flow in the first quarter was at 22% of sales, Air Liquide
said.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
April 24, 2020 02:06 ET (06:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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