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Air Liquide sees a return of growth for all activities in Q1


Source: Air Liquide
The French industrial gas giant reported sales increased by +3.8% on a comparable basis with Q1 2020, which had been affected by the health crisis in Asia, and more specifically in China, and then in Europe from mid-March 2020.
The consolidated revenue of Engineering & Construction recorded strong growth of +48.5% compared to lower activity due to the pandemic in Q1 2020. Global Markets & Technologies activity was up by +25.7%, driven by the ramp-up of biogas units and sales of equipment with high technological added-value.
Benoît Potier, Chairman and CEO of the Air Liquide Group, said: “This first quarter saw solid growth of +3.8% on a comparable basis, confirming the trend recorded in the fourth quarter of 2020. Sales reached €5.3 billion, including €5.1 billion for Gas & Services, which grew +2.8% on a comparable basis. This growth confirms the recovery seen in all of our Gas & Services activities. Strong momentum was also seen in the Eng ....

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Air Liquide: First Quarter 2021: Return to Growth -2-


Provided by
Dow Jones
Apr 23, 2021 5:35 AM UTC
recorded strong momentum in Large Industries, which posted a +8.7% rise
in revenue. The strong sales growth in the Industrial Merchant business
(+10.6%) was mainly supported by the momentum in China, with sales in the
rest of the region just returning to growth. The Electronics business
(+1.3%) benefited from the ramp-up of new carrier gases units but with
weaker sales of Advanced Materials and Equipment & Installation.
Revenue in the Middle East and Africa totaled 153 million euros, up by a
strong +17.5% on a comparable basis in Q1. Large Industries sales
benefited from a rise in demand from customers connected to the pipeline ....

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