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Air Liquide reports good performance in 2005

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AIR LIQUIDE announces good performance for 2005 resulting in net earnings of €933 milllion up 19% (+10.9% on a comparable basis with 2004), with a proposed dividen of €3.85 per share up 10%.

Net earnings in 2005 reached €933 million, up 19.7%. On a comparable basis and consistent with previous guidance, growth in Net earnings was +10.9% (€900 million in 2005 versus €812 in 2004). Net earnings per share (€8.66) rose by +19.8%.

Consolidates 2005 sales amounted to €10,435 million, an increase of 10.7%. Operating income recurring was €1,518, an increase of +10.4%. Margins continued to progress from 14.6% in 2004 to 14.8% in 2005, excluding natural gas effect.

Benoit Potier, Chairman of the Management Board said Air Liquide recorded another good performance in 2005. The Group has strengthened its position with the acquired Messer activities, now fully and successfully intergrated ahead of schedule. All of our activities and geographic markets are growing. We have also increased our penetration of high growth markets, such as homecare and hydrogen.

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