Air Liquide: sales down 7.3% in Q1 2024
Air Liquide has announced a 7.3% decline in first-quarter 2024 sales to €6.65 billion, mainly due to lower energy prices and an unfavorable currency effect.
| Countries | Chine, France |
|---|---|
| Companies | Air Liquide |
| Sector | Gaz, Gaz naturel |
| Theme | Marchés & Finance, Résultat |
The French industrial gases group suffered a significant drop in revenues due to external factors, including a significant reduction in energy prices in Europe, which fell by 80%, and unfavorable currency effects. However, CFO Jérôme Pelletan assures us that this drop has not had a negative impact on the Group’s operating margins, thanks to the full passing-on of energy price variations to industrial customers.
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