Business Intelligence Financial – Air Liquide – Q1 2017


gasworld Business Intelligence provides you with the latest analysis of Air Liquide’s Q1 2017 earnings report.


  • Reported corporate sales growth increased by more than 38% YoY in Q1 2017 to €5.18bn. This was substantially driven by the full consolidation of the acquired Airgas business.
  • The Gases & Services sector accounted for over 95% of corporate sales, post-Airgas. Engineering & Construction sales and the Global Markets & Technologies units both accounted for under 2% of corporate sales.
  • Reported sales in Gases & Services were up by more than 42% in Q1. However, Engineering & Construction sales declined by 57% YoY (with order intake down sequentially, but up 46% YoY in Q1). Global Markets & Technologies increased again by nearly 20%, but with order intake down sequentially and YoY.

Air Liquide Group Performance
  • Total Sales
  • Total Operating Income (Estimated)
,Total Sales,Total Operating Income (Estimated)
2012 Q1,6.7%,5.3%
2012 Q2,5.1%,3.6%
2012 Q3,5.7%,7.6%
2012 Q4,6.6%,8.6%
2013 Q1,-2.1%,-1.4%
2013 Q2,2.9%,3.0%
2013 Q3,-1.0%,1.3%
2013 Q4,-2.3%,0.2%
2014 Q1,1.0%,1.7%
2014 Q2,-2.4%,-1.6%
2014 Q3,1.0%,-0.3%
2014 Q4,3.9%,0.0%
2015 Q1,6.9%,10.8%
2015 Q2,9.3%,13.8%
2015 Q3,7.8%,12.4%
2015 Q4,2.9%,9.7%
2016 Q1,-3.0%,-7.5%
2016 Q2,7.3%,3.5%
2016 Q3,23.9%,12.2%
2016 Q4,18.6%,14.4%
2017 Q1,33.7%,33.9%

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