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expansion-and-acquisitions-highlights-of-air-liquides-fiscal-2011-report
expansion-and-acquisitions-highlights-of-air-liquides-fiscal-2011-report

Expansion and Acquisitions – highlights of Air Liquide’s fiscal 2011 report

Yesterday, tier one industrial gas player, Air Liquide publicised its consolidated financial report for 2011. Highlights included sizeable sales in developing economies but slower growth in electronics and steel-making.

According to the report, 2011 consolidated revenues amounted to €14,457m, with Gas & Services exhibiting robust 7.5% increase on a comparable basis, alongside ‘strong growth’ in Large Industries. Described as ‘resilient’ by the French firm, Industrial Merchant activity withstood difficult environments while there was a noted ebb to electronics and steel-making during the fourth quarter.

The Group is confident in its medium-term development within the framework of the ALMA 2015 program.

Benoît Potier, Chairman and CEO

Despite this, operating margin reached 16.7% and net profit climbed 9.4% to €1,535m. Benoît Potier, Chairman and CEO of the Air Liquide Group commented on the report: “In 2011, Air Liquide continued its growth and the implementation of its business model, notably in developing economies where sales have increased more than +20% over the previous year.

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