Having previously declared strong sales performances for the fourth quarter of 2007, Air Liquide has revealed its overall results for the year and reflects on both another year of progress and a healthy acceleration in revenue growth.
Consolidated 2007 revenue rose by 7.8% to reach €11.801m, while growth was particularly strong in the fourth quarter of 2007 and concludes a year of progressively accelerating growth in which net profit for the group is reported to have increased by 12.1% to reach €1.123m.
Such a performance is attributed as a result of strong demand for hydrogen, new start-ups in large industries in the second half of the year, record sales in electronics, continued growth in liquid volumes for industrial customers, and sustained development in the healthcare sector.
In 2007, the group met all of its operating and financial objectives, with the recurring operating margin for Gas and Services increasing significantly to 18.1%, cash flow increasing by 8.7% and total capital expenditure doubling compared to 2006 to €2.7bn.
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