Air Liquide has released solid financials in its latest results after Airgas operations contributed to the group’s performance over a full quarter for the first time, resulting in a total revenue upswing of 23.9%.
As a result of consolidated sales, which officially merged as of 1st October, total group revenue reached €5.1bn ($5.5bn) in the industrial gas giant’s third quarter 2016 results.
Benoît Potier, Chairman and CEO, credited the company’s robust results in the third quarter to the successful refinancing of its $13.4bn takeover of fellow Tier One player Airgas. He stated, “This quarter has been characterised by the successful refinancing of the Airgas acquisition, the disposal of certain assets in the US executed under excellent conditions, and the operational merger of Airgas since 1st October.”
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