Report
Fabian Semon ...
  • Michael B. Schäfer

Air Liquide : Investing into the business yields most, hydrogen remains key focus area

>5-6% comparable sales growth and 160bp EBIT-margin uptick = positive - Air Liquide presented their new strategic action plan called 'ADVANCE', which encompasses financial performance as well as environmental and societal performances objectives and supersedes the former NEOS programme. Financial targets include 1/ an acceleration in comparable sales growth to 5-6% (CAGR 2021-2025), which compares to 4.1% over the period 2018-2021 and consensus expectations of 5.4% (C...
Underlying
Air Liquide SA

L'Air Liquide is engaged in the market of gases for industry, health and the environment. Oxygen, nitrogen, hydrogen, and rare gases make up Co.'s core activities. Co. structures its activities in three segments: Gas and Services, Engineering and Technology, and Other activities. The Gas and Services segment comprises four business lines: Industrial Merchant, Large Industries, Healthcare and Electronics; Engineering and Technology designs, develops and builds industrial gas production plants for Co. and third parties; and the Other Activities segment develops welding and cutting edge technologies, and markets deep-sea diving and swimming equipment to professionals and privates individuals.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fabian Semon

Michael B. Schäfer

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