Trade Now

Capital at risk Advertisement
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
  1.56 1.15% 137.36 137.06 137.40 137.40 135.84 136.40 457,136 16:40:00

Air Liquide Sees Favorable Currency Impact in 3Q -- Currency Comment

04/10/2021 10:49am

Dow Jones News


Air Liquide (EU:AI)
Historical Stock Chart


From Aug 2021 to Aug 2022

Click Here for more Air Liquide Charts.

Air Liquide SA said Monday that currency translation would have a positive impact on its third-quarter revenue.

The French industrial-gases company expects a favorable foreign-exchange effect close to 0.5% on revenue in the quarter to the end of September.

That compares with a negative impact of 4.7% on its gas & services revenue and a negative impact of 4.6% for group revenue as a whole for the second quarter.

The company cited the Chinese renminbi as the currency it expects to have the largest impact on 3Q group sales--having gained 5.7% against the euro on-year--followed by the U.S. dollar, Argentine peso and Japanese yen.

For the full year, Air Liquide said it expects a hit of about 2.2% from currencies, based on an estimated annual average EUR/USD exchange rate of 1.19.

Third-quarter sales are due on Oct. 22.

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

October 04, 2021 05:34 ET (09:34 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Air Liquide Chart

1 Year Air Liquide Chart

1 Month Air Liquide Chart

1 Month Air Liquide Chart
ADVFN Advertorial
Your Recent History
EU
AI
Air Liquid..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220815 22:24:21