Air Liquide Q1 sales 2.791 bln eur, up 0.6 pct; up 5.2 pct comparable UPDATE |
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Wed, 25 Apr 2007 07:42
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(Adds factors limiting growth, Europe sales figure)PARIS (Thomson Financial) - Air Liquide said first quarter sales were 2.791 bln eur, up 0.6 pct from a year earlier and up 5.2 pct on a comparable basis, with a strong rise in Asia as the key factor in the comparable growth.It confirmed its full-year target of a double-digit rise in net profit.Sales recovered slightly in Europe, while growth softened in North America.The company's main business, industrial gases and services, had nearly flat sales of 2.452 bln eur, against 2.445 bln a year earlier.Among factors that held sales growth down were the strong euro, which had a negative impact of 3.7 pct, and lower gas prices, which had a negative impact of 0.9 pct.Europe, which accounts for around half of the company's total revenue, had first quarter sales of 1.351 bln, up 3.5 pct, with sales on a comparable basis up 4.1 pct.tfn.paris@thomson.commjs/jlw/mjs/bsdCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Air Liquide Q1 sales 2.791 bln eur, up 0.6 pct; up 5.2 pct on comparable basis 