At Air Liquide’s investor day the company provided a detailed statement outlining how the business has performed in the past and predicted how it will up until 2020.

Over the 2011-2015 period, the group expects average annual growth in revenues of +5% to +7%, adjusted for currency impacts, outperforming the average annual growth forecast for the industrial gases market by +1% to +2%. Over this same period, Air Liquide is committed to generating substantial cumulative efficiencies, an objective increased at the beginning of the year by +30%, to €1.3bn, as well as to pursuing its adjustment programs thus reinforcing its competitiveness.

This sound management approach is being accompanied by the rollout between 2011 and 2015 of an investment program worth €12bn, already mostly committed, designed to lay the groundwork for medium-term growth.

Looking towards 2020, Air Liquide will continue to capitalise on the strength of its core business and its financial structure, as well as on development initiatives intending to achieve average annual revenue growth of between +6% and +9%, excluding currency impacts, outperforming the industrial gases market’s expected growth beyond 2015, and a return on capital employed (ROCE) of 11% to 13%.

The group also intends to leverage its leadership positions in the world’s major industrial basins, its patented technologies and its competitive solutions and services, to address the major challenges that society will face tomorrow. Whether related to energy and the environment, to the acceleration of the digital revolution and of the related electronic products, or to the move of healthcare services from hospital to home, these challenges will be met with a reinforced innovation process that the group has already initiated.

Benoît Potier, Chairman and CEO of Air Liquide, stated, “Our ambition is to be the leader in our industry, delivering long-term performance and acting responsibly with respect to all our stakeholders.”

“Our strategy is one of profitable growth over the long term. It is driven by reinforced competitiveness in our operations, targeted investments in growing markets, and constant innovation to open new markets and create new opportunities.”

“The group’s development potential is based on the rollout of this strategy by committed teams. It is driven by three major trends: industry globalisation and resource constraints, evolving consumption patterns and demographics, and the growing appetite for innovation. These trends are generating a new market dynamic in addition to the more traditional geographic approach that had prevailed up to now and which was focused on developing economies.”

“Thanks to the numerous strengths we bring to this new environment, we are confident in the ability of Air Liquide to successfully pursue its development, celebrated this year on the 100th anniversary of listing on the Paris Stock Exchange, and to generate profitable growth over the long term.”