Air Liquide has posted solid revenues for the first quarter of 2017, thanks to the integration of Airgas and a drastic recovery in its Industrial Merchant activity in North America and Europe.
Group revenue for the first quarter of 2017 was up 38.5% on a reported basis to €5.2bn ($5.7bn), of which its Gas & Services division accounted for €5bn ($5.4bn) – climbing by 42.2% versus Q1 2016.
Revenue was up across the board for all its Gas & Services businesses on a comparable basis, with the exception of its Electronics unit which showed a slight decline. On a comparable basis, overall revenues grew by 1.5% compared to the year prior, which the company attributes to weaker sales in its Engineering and Construction division.
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