Electronics business model delivers solid recurring first 2017 quarterly sales
On April 26th, Air Liquide has announced its First Quarter 2017 revenue. Electronics revenue was virtually unchanged at -0.4%. This quarter was characterized in particular by an unfavorable basis of comparison to Q1 2016 due to exceptionally high neon prices and equipment and installation sales last year. The fundamentals of this business line remain solid. Carrier gas sales were robust in Asia-Pacific and the overall demand for Advanced Materials continued to be strong (with sales up by more than +20%). Geographically, revenue was driven by China, Taiwan and South Korea.