Air Liquide looks positive


The Tier 1 company has released its results for the first half of 2009, which show localised signs of recovery and strength for the coming year.

The group said the first half activity level was characterised by very contrasted sector demand.

Group revenue for the first half of 2009 was €5,937m, reduced slightly by -6.8% compared to 2008, half of which is attributable to the decline in natural gas prices.

Resilient margins and net profit of €596m was almost at the same level as the first half of 2008, with just a 0.8% decrease.

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