Air Liquide S.A. 1Q 2015 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Air Liquide S.A. (AI.FR) first-quarter revenue results, based on a poll of seven analysts conducted by Dow Jones Newswires (figures in million euros, dividend and target price in euro, according to IFRS). Earnings figures are scheduled to be released April 24.

=== 
                       Revenue 
                         Gas & 
1st Quarter  Revenue  Services 
AVERAGE        3,957     3,617 
Prev. Year     3,734     3,416 
+/- in %        +6.0      +5.9 
 
MEDIAN         3,934     3,616 
Maximum        4,026     3,648 
Minimum        3,915     3,593 
Amount             7         5 
 
Baader-Helvea  3,922     3,616 
Barclays       3,934     3,593 
Citi           4,010        -- 
Credit Suisse  3,928        -- 
Deutsche Bank  3,965     3,632 
Morgan Stanley 4,026     3,648 
UBS            3,915     3,595 
 
          Target price  Rating                DPS 2015 
AVERAGE         114.40  positive 1   AVERAGE      2.80 
Prev. Quarter   108.25  neutral  4   Prev. Year   2.55 
+/- in %          +5.7  negative 1   +/- in %     +9.7 
 
MEDIAN          115.00               MEDIAN       2.77 
Maximum         124.00               Maximum      3.02 
Minimum          98.00               Minimum      2.60 
Amount               5               Amount          3 
 
Baader-Helvea   115.00  Hold                        -- 
Barclays        124.00  Equalweight               2.77 
Credit Suisse   111.00  Neutral                     -- 
Deutsche Bank   124.00  Buy                       3.02 
Morgan Stanley      --  Equalweight                 -- 
UBS              98.00  Sell                      2.60 
=== 

Year-earlier figures are as reported by the company.

DJG/mus 

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