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Share Name Share Symbol Market Type
Air Liquide SA EU:AI Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.06 0.84% 128.00 127.98 129.00 129.90 128.00 128.36 704,359 16:40:00

Air Liquide Estimates Currency, Energy Costs Impact on 4Q, FY2021

04/01/2022 6:40pm

Dow Jones News


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By Giulia Petroni

 

Air Liquide SA on Tuesday said it expects currency variations and energy costs passed through to customers to affect revenue in the fourth quarter and full-year 2021.

The industrial-gases company said the currency impact is estimated at around 3% in the 4Q and around negative 1.6% in the full year on both group and gas-and-services revenue.

The effect of increasing energy costs passed through to customers is expected to have an impact of around 16% in the 4Q and between 8% and 8.5%, or above 1.6 billion euros ($1.8 billion), in the full year on group and gas-and-services revenue.

Air Liquide previously guided for a further increase in operating margin--which it says it excludes the energy passthrough impact--and recurring net profit growth at constant exchange rates in 2021.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

January 04, 2022 13:25 ET (18:25 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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