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Energy: Soaring prices boost Air Liquide's activity in Q1

28/04/2022
Categories: Companies

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From January to March, Air Liquide achieved an "never-before-reach" turnover, marking a 29% jump compared to the first quarter of 2021. This performance is largely due to the soaring energy prices linked to the war in Ukraine.

 

The French industrial gases group Air Liquide recorded historically high revenue in the first quarter of 2022. Revenue of 6.887 billion euros, marks a jump of 29% compared to the first quarter of 2021, and 8% on a comparable basis, which excludes the energy effect, the group said Wednesday. This figure is slightly higher than the estimate of 6.76 billion euros established by a consensus of 14 analysts studied by Vara Research, and transmitted by the group to the press. On the Paris Stock Exchange, the stock was up 0.2% Wednesday in the middle of the day, to 161.48 euros.

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