Yesterday, tier one industrial gas player, Air Liquide publicised its consolidated financial report for 2011. Highlights included sizeable sales in developing economies but slower growth in electronics and steel-making.
According to the report, 2011 consolidated revenues amounted to €14,457m, with Gas & Services exhibiting robust 7.5% increase on a comparable basis, alongside ‘strong growth’ in Large Industries. Described as ‘resilient’ by the French firm, Industrial Merchant activity withstood difficult environments while there was a noted ebb to electronics and steel-making during the fourth quarter.
The Group is confident in its medium-term development within the framework of the ALMA 2015 program.
Benoît Potier, Chairman and CEO
Despite this, operating margin reached 16.7% and net profit climbed 9.4% to €1,535m. Benoît Potier, Chairman and CEO of the Air Liquide Group commented on the report: “In 2011, Air Liquide continued its growth and the implementation of its business model, notably in developing economies where sales have increased more than +20% over the previous year.
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