Air Liquide 1st Half 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Air Liquide S.A. (AI.FR) 1st half-year results, based on a poll of six analysts conducted by Dow Jones Newswires (figures in million euros, EPS, dividend and target price in euro, according to IFRS). Earnings figures are scheduled to be released July 31.

=== 
                             operat. 
                              Income  Net attrib. 
1st half-year      Sales   recurring       profit     EPS 
AVERAGE            7,626       1,284          781    2.28 
Prev. Year         7,562       1,256          752    2.20 
+/- in %            +0.8        +2.2         +3.8    +3.5 
 
MEDIAN             7,626       1,286          782    2.30 
Maximum            7,658       1,305          794    2.31 
Minimum            7,597       1,265          766    2.22 
Amount                 6           6            4       3 
 
BoA-Merrill Lynch  7,658       1,287          794    2.31 
Credit Suisse      7,602       1,296           --      -- 
Deutsche Bank      7,644       1,268          776      -- 
Kepler Cheuvreux   7,597       1,285          788    2.30 
Morgan Stanley     7,645       1,305           --      -- 
UBS                7,607       1,265          766    2.22 
 
 
               Target price  Rating                 DPS 2014 
 
AVERAGE              101.83  positive 3    AVERAGE      2.41 
Prev. Quarter        114.00  neutral  3    Prev. Year   2.55 
+/- in %                -11  negative 1    +/- in %     -5.4 
 
MEDIAN               104.00                MEDIAN       2.40 
Maximum              112.00                Maximum      2.45 
Minimum               83.00                Minimum      2.40 
Amount                    6                Amount          4 
 
BoA-Merrill Lynch     99.00  Neutral                    2.40 
Credit Suisse        103.00  Neutral                      -- 
Deutsche Bank        109.00  Buy                        2.45 
Jefferies            105.00  Hold                         -- 
Kepler Cheuvreux     112.00  Buy                        2.40 
Morgan Stanley           --  Overweight                   -- 
UBS                   83.00  Sell                       2.40 
=== 

Year-earlier figures are as reported by the company.

DJG/voi 

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