Air Liquide : Organic growth remains robust
>Organic growth of 3.3% and sales in line in Q3 2024 - Air Liquide reported sales of € 6,762m in Q3 2024 (in line with our expectations: ODDO BHF € 6,752m / VARA consensus: € 6,797m). Organic growth came in at 3.3% (we expected 3.1%) after 3.1% in Q2. The group’s reported sales were down a slight -0.7% (ODDO BHF -0.9%e), affected by unfavourable energy (-0.9%) and FX (-3.1%) effects. As a reminder, the fall in energy prices is passed on contractually to clients in the...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.
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.
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