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Air Liquide SA AI

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Air Liquide Maintains Solid Momentum in Third Quarter; Increasing Fair Value Estimate

Analyst Note

| Krzysztof Smalec, CFA |

We are increasing our Air Liquide fair value estimate to EUR 143 per share from EUR 139 after the company posted strong third-quarter results. Revenue grew 17.2% year over year, with solid growth across all major regions. Our fair value estimate increase reflects slightly more optimistic near-term projections as well as time value of money.

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Company Profile

Business Description

Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 20.5 billion of revenue in 2020, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. The healthcare division serves around 1.8 million patients and 15,000 hospitals and clinics annually. Air Liquide employs approximately 65,000 people.

75, quai d'Orsay
Paris, 75007, France
T +33 140625555
Sector Basic Materials
Industry Specialty Chemicals
Most Recent Earnings
Fiscal Year End Dec 31, 2021
Stock Type
Employees 64,500