Air Liquide posts Q1 sales miss on lower energy prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2024
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Source: SeekingAlpha
- Air Liquide Q1 Sales Decline: Air Liquide's Q1 sales fell 7.3% year-over-year to €6.65B, below analyst expectations, attributed to lower energy prices and negative currency effects.
- Segment Performance: The Gas & Services segment, which makes up 96% of Air Liquide's business, saw a 2% growth in comparable revenue, with a significant boost in the Americas region.
- Company Outlook: Air Liquide remains confident in increasing its operating margin and achieving recurring net profit growth at constant exchange rates for the year.
- 2025 Targets: Earlier this year, the company doubled its 2025 margin target while maintaining an annual sales growth target of 5%-6%.
- Analyst Insights: Jefferies analysts view Air Liquide's update positively, citing signals for improved full-year guidance, including cost savings in Q1 exceeding annual targets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
