H1 2019 Results: Sustained sales growth combined with step-up in operating margin
Commenting on activity during the 1st half of 2019, Benoît Potier, Chairman and CEO of Air Liquide, stated:
The Group’s sales totaled nearly 11 billion euros, driven by dynamic sales in Gas & Services as well as in Global Markets & Technologies. Gas & Services revenue, which accounts for 96% of the Group’s total revenue, grew by close to +8% and by approximately +5% on a comparable basis. All Gas & Services activities progressed, with very strong performances in Electronics and Healthcare, in line with previous quarters.
Electronics maintained a significant increase in revenue during the 1st half of 2019 (+13.5%).
- Gas & Services revenue in the Americas stood at 4,217 million euros, up +2.4% during the 1sthalf of 2019, driven in particular by Healthcare (+9.4%) and Electronics (+8.2%).
- Revenue in the Asia Pacific zone totaled 2,405 million euros in the 1st half of 2019, up +11.1%. Following record growth in the 4th quarter of 2018, Electronics maintained a significant increase in revenue during the 1st half of 2019 (+16.1%).
Read full Air Liquide Group H1 2019 Results.