Group revenue for the 1st quarter 2012 reached 3,779
million euros, up +6.7% as published
1st quarter 2012 revenue
Variation Q1 12/ Q1 11
In million of euros
of which Gas and Services
*on a comparable basis: excluding foreign exchange,
natural gas and significant perimeter impacts
Group revenue for the 1st quarter 2012 reached
3,779 million euros, up +6.7% as published. After a
fourth quarter 2011 characterized by a slow-down in
growth related to the global economic situation, first
quarter 2012 reflects progressive growth in the
volumes consumed by clients of the Group.
Gas & Services sales reached 3,443 million euros, up
+4.0% on a comparable basis. Growth is steady in
Developing Economies (+11%), particularly in China, South
America, Eastern Europe and the Middle East, and moderate
in the Advanced Economies (+2%). The lower level of
equipment sales in Electronics, weighing on growth in the
Asia zone, is compensated by the strength of the activity
in North America.
Large Industries is benefitting from an increase in
oxygen and hydrogen volumes, relative to the previous
quarter. Industrial Merchant activity is improving,
particularly helped by pricing. Healthcare remains solid,
driven by hygiene growth. Excluding Equipment and
Installation sales, Electronics is stable.
The new efficiency gains amount to 59 M€ and are in
line with the objectives of the ALMA 2015 program.
Net debt remains stable.
Benoît Potier, Chairman and CEO of the Air Liquide
"This 1st quarter is characterized by a progressive
improvement in activity, particularly in the month of
March, leading to quarterly revenue growth of
"The increase of the order intake in Engineering &
Construction and the stability at a high level of the
Group's 12-month portfolio of opportunities are
tangible signs of the continuing strength in our
clients' investment projects; they reinforce our
confidence in the medium term.
"All of the initiatives taken within the ALMA
2015 program continue to contribute to the
improvement of our performance indicators, and allow us
to achieve growth while controlling expenses.
"In this context, and barring a major economic
downturn, Air Liquide continues to aim for growth in
net profit in 2012."
Pierre Dufour, Senior Executive Vice-President,
Jean-Pierre Duprieu, Executive Vice-President, and
Fabienne Lecorvaisier, Chief Financial Officer, will
comment the 2012 1st Quarter Revenue on Wednesday,
April 25, 2012 at 10:30 am Paris time (London 9:30 am,
New York 4:30 am).
broadcastingof the conference, only in
English, will be available via our website.