PLUS1
| 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
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.
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