Highlighting the resilience of its overall business model and record investment decisions, Air Liquide has reported a ‘solid performance’ in the third quarter (Q3), despite a 17.4% drop in revenue due to an easing of energy prices from the previous year.
The industrial gas major revealed that its revenue amounted to €6.8bn ($7.2bn), an increase of 1.5% when excluding the impact of energy and currency effects.
According to Francois Jackow, CEO of Air Liquide, the Group has generated ‘significant efficiencies’ of €320m ($338m) over nine months, which represents an increase of 22%.
Highlighting the Group’s investment momentum, Jackow also revealed that record levels were achieved for its project backlog – worth €4.2bn ($4.4bn) – and its investment decisions, at €1.3bn ($1.37bn) for the quarter.
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