H1 2020 Results: High sales resilience and significant margin improvement
Commenting on the 1st half of 2020, Benoît Potier, Chairman and CEO of Air Liquide, said:
“This exceptional first half of the year once again demonstrates the Group’s resilience in the face of this unprecedented health crisis. Sales for the half-year totaled more than 10 billion euros, marking a limited decline of -3.2% on a comparable basis. This reflects the solid performance of Gas & Services, which represent 96% of revenue, and of Global Markets & Technologies.
Within Gas & Services, Electronics sales increased; Healthcare, at the frontline of the pandemic, posted strong growth. Large Industries showed resilience, whereas Industrial Merchant was more impacted. Geographically speaking, activity levels reflect the evolution of the pandemic. China has returned to levels of solid growth, signs of a recovery are appearing in Europe, whereas the situation in the Americas remains contrasted.
Read full Air Liquide Group H1 2020 Results.
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