Air Liquide revenue grows on Airgas acquisition
Air Liquide reported revenue of €8.29 billion ($9.3 billion), including €511 million ($573 million) attributed to Airgas as of May 23, the closing date of the acquisition of Airgas by Air Liquide.
Revenue for the first half increased 2.2% on a reported basis and 8.0%, excluding the currency and energy impact, as compared with the first half of 2015. Excluding Airgas, comparable growth was +1.7%.
By segment, Gas & Services sales of €7.61 billion ($8.54 billion) grew by 4.3% on a reported basis and by 10.6%, excluding the currency and energy impact, compared with the first half of 2015.
Engineering and Construction revenue, which stood at €254 million ($284 million), fell sharply compared with the first half of 2015, adversely impacted by the slowdown in major projects related to energy and by the low number of new projects.
Global Markets & Technologies revenue amounted to €146 million ($163 million). It rose by 10.7% on a comparable basis, driven by markets related to maritime and space in the first quarter, as well as by dynamic biogas sales in the second quarter.
"In a context of moderate global growth, Gas & Services sales posted robust growth. Growth is the result of dynamic Electronics sales, higher volumes in Large Industries, and rising Healthcare business," said Benoît Potier, chairman and CEO.