Air Liquide Group revenue for the first quarter of 2012 reached €3.779m is up 6.7% when compared to the results of the same quarter in 2011.
After a fourth quarter in 2011 characterised by a slow-down in growth related to the global economic situation - the first quarter results of 2012 reflects “progressive growth in the volumes consumed by clients of the group,” according to Benoît Potier, Chairman and CEO of the Air Liquide Group.
“The increase of the order intake in Engineering & Construction and the stability at a high level of the group’s 12-month portfolio of opportunities are tangible signs of the continuing strength in our clients’ investment projects; they reinforce our confidence in the medium term.”
“All of the initiatives taken within the ALMA 2015 program continue to contribute to the improvement of our performance indicators, and allow us to achieve growth while controlling expenses.”
“In this context, and barring a major economic downturn, Air Liquide continues to aim for growth in net profit in 2012”
Benoît Potier, Chairman and CEO of the Air Liquide Group.
Gas and services sales reached €3.443m which is up 4% on a comparable basis. Growth is steady in Developing Economies (+11%), particularly in China, South America, Eastern Europe and the Middle East, and moderate in the Advanced Economies (+2%).
The lower level of equipment sales in Electronics, weighing on growth in the Asia zone, is compensated by the strength of the activity in North America.
The Large Industries section is benefitting from an increase in oxygen and hydrogen volumes, relative to the previous quarter. Industrial Merchant activity is improving, and is particularly helped by pricing.
Healthcare remains solid, driven by hygiene growth. Excluding Equipment and Installation sales, Electronics is stable.
The new efficiency gains amount to €59m and are in line with the objectives of the ALMA2015 program.
The first quarter of 2012 begins on 1st January 2012 and end 31st March 2012.