Air Liquide reports Q1 results


Despite the gradual spread of coronavirus (Covid-19) around the world, Air Liquide has showed modest growth in its first quarter (Q1) 2020 results.

The French industrial gas giant this morning reported group revenue of €5.4bn for the first quarter, up 0.6% on a comparable basis which Air Liquide attributed to a strong business model.

Gas & Services posted robust growth of 1.1%. Engineering & Construction (-44%) has been impacted by the Covid-19 pandemic, which notably led to the closure of the Chinese engineering and fabrication centre and the postponement by a few months of several projects.

Global Markets & Technologies maintained excellent momentum and enjoyed dynamic growth of 13.6%.

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