Air Liquide sees positive signs amid limited decline


The Air Liquide Group today revealed a 5.2% decline in third quarter revenues on a comparable basis against Q3 2008, but is seeing a ‘noticeable’ increase in volume activity.

“This quarter has once again shown the resilience in our sales. The increase in volumes compared to the second quarter is noticeable, even if they have not yet returned to the high 2008 levels,” Chairman and CEO Benoit Potier said in a statement.

Q3 2009 group revenue was €2.980m, down 5.2% against the high Q3 of 2008. Gas & Services sales in particular also registered a 5.2% decline on a comparable basis, totaling €2.514m.

While there’s no escaping the obvious downturn, the figures announced today should also be given some perspective; despite the onset of recession from Q4 onwards, 2008 was another resoundingly strong year of double-digit growth for the industrial gases business.

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