Air Liquide Backs Guidance Despite 1st Half Revenue Falls
July 30 2020 - 2:08AM
Dow Jones News
By Dominic Chopping
Air Liquide SE Thursday reported a 6.2% fall in first-half
revenue but backed full-year net profit guidance despite the
coronavirus pandemic.
The French industrial-gas supplier said revenue fell to 10.27
billion euros ($12.07 billion) in the first half of the year, from
EUR10.95 billion in the same period last year.
Air Liquide said it generated EUR200 million in efficiencies
during the first six months of the year in line with its aim to
achieve more than EUR400 million in efficiencies in 2020.
The company said it is still confident net profit for the year
will be close to the 2019 level and that it can increase the
operating margin further.
"In a context of limited local lockdowns and progressive
recovery during the second half of 2020, Air Liquide is confident
in its ability to further increase its operating margin and to
deliver net profit close to preceding year level, at constant
exchange rates," said Chief Executive Benoit Potier.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
July 30, 2020 01:53 ET (05:53 GMT)
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