Air Liquide’s published group revenue for the third quarter fell 2.4%, which it attributed to currency impacts and lower energy prices.
CEO François Jackow said revenues rose 1.9% to nearly €6.6bn, driven by a similar percentage growth in its Gas and Services businesses. But Asia-Pacific, for many quarters the region fuelling growth, saw sales drop slightly by 0.8% year-on-year.
In what it described as an uncertain industrial environment, healthcare and industrial merchant were growth drivers, up 5% and 3% respectively. Geographically, the Americas stood out with 5% growth while revenues in Europe, Middle East and Africa (EMEA) rose marginally (0.4%).
Its investment backlog stands at nearly €5bn with new decisions amounting to €0.9bn, such as ELYgator, its 200MW electrolyser in the Netherlands, and also developments in the fast-growing electronics and semiconductor sectors.
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