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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 0.02% | 180.46 | 180.30 | 180.60 | 181.18 | 179.88 | 180.90 | 1,671,606 | 16:40:00 |
By Pierre Bertrand
Air Liquide SA shares rose on Tuesday after the French industrial gases company's third-quarter sales slightly exceeded analyst expectations.
At 0736 GMT, shares climbed 4.2% to EUR129.40 after sales for the quarter rose 41% to 8.25 billion euros ($8.15 billion), slightly ahead of analysts' expectations of EUR8.11 billion according to estimates provided by the company.
The company's revenue was boosted by a record-high energy price pass-through effect of slightly above 24% and was helped by strong pricing, Citi analysts said in a research note, adding that the company's current momentum is likely to continue through to the end of the year.
The company's comparable growth came in at 8.3% for the quarter.
At its gas and services division, Air Liquide's largest contributor to sales, revenue grew 41% where activity in the Americas and Asia was particularly strong, the company said.
The French industrial gases company said it maintained its full-year 2022 outlook of further increasing its operating margin and delivering recurring net profit growth, at constant exchange rates.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 25, 2022 04:14 ET (08:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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