Airgas operations merged October 1st
Solid Gas & Services sales growth
2016 objective confirmed
La mega acquisizione di Airgas entra in circolo !
Commenting on the third quarter of 2016, Benoît Potier, Chairman and CEO of Air Liquide, said:
“This quarter has been characterized by the successful refinancing of the Airgas acquisition, the disposal of certain assets in the United States executed under excellent conditions, and the operational merger of Airgas since October 1st. In addition, for the first time, Airgas contributed to the Group’s performance over a full quarter.
In the context of continued moderate global growth, Gas & Services sales posted solid growth, primarily driven by ramp-ups of our Large Industries plants, the strength of the Healthcare business and by the developing economies, in particular China. The Group continues to generate recurring efficiency gains, which contribute to operational performance.
Today, a new phase begins. Priorities include delivering Airgas synergies in accordance with our plan and continued implementation of NEOS, our corporate program. The investment backlog, amounting to 2.2 billion euros, and innovations aimed at enriching the customer experience, will contribute to growth in the coming years.
Following the completion of the acquisition of Airgas, Air Liquide is confident in its ability to generate growth in 2016, both in net profit and net earnings per share, including the effect of the capital increase finalized in early October.”