The French industrial gases company, the Air Liquide Group has reported a high level of activity and sustained growth in its most recent fiscal results.
The firm publicised its first half 2011 fiscal results for the period ended 30th June 2011. Highlights included a dynamic level of investment from the Group and 9% revenue increase since the first half of 2010.
Earlier today, Benoît Potier, Chairman and CEO of the Air Liquide Group, commented, “Business was sustained in the first half of 2011 and profits are up strongly. They reflect the positive momentum in our markets as well as the Group’s ability to achieve a solid operating performance in an environment that was affected by world events, notably in Japan and the Middle-East.”
Indeed, Group revenue rose to €7,115m with €6,356m coming from Gas & Services. The operating margin reached 16.7% while net profit reached €750m, up 11.1%.
Encouragingly, net debt was €5,580m, below the level of 30th June 2010. Meanwhile investment was concurrently high, totalling €3.7bn.
Potier went on to speak about the Group’s future dynamics, “Our continuing research and innovation efforts in key technologies, as well as our investment decisions totaling nearly €1bn at 30th June, will help to support the Group’s medium-term growth.$quot;
$quot;As part of its ALMA 2015 program, the Group has strengthened its presence in developing economies, which today represent 21% of Gas & Services sales,$quot; continued Potier.
$quot;As a result, our global presence, combined with our pioneering positions in high-growth markets, allows us to reinforce our fundamentals and continue our long term development. In this context, and assuming normal economic conditions, Air Liquide is confident in its ability to continue to generate steady growth of net profit in 2011.”