Development of the home healthcare offering with the acquisition of the diabetes division of Ethitech in South Africa by VitalAire, home healthcare subsidiary of Air Liquide.Launch by Air Liquide of its biomethane business in China with the construction of its first production plant – with a capacity of 75 GWh/year – in Huai’an City, in the Jiangsu Province.Investment of 200 million euros by Shanghai Chemical Industry Park Industrial Gases (SCIPIG), an Air Liquide subsidiary, in the construction of two hydrogen production units with carbon capture and recycling technology in Shanghai Chemical Industry Park.Under long-term contracts, investment of around 500 million euros in the construction of three new ultra-high purity industrial gas production plants for two of the world’s largest semiconductor manufacturers in Taiwan. Highlights of the 3rd quarter 2022 Electronics:
#Air liquide live healthier full#
With our clear strategic plan, ADVANCE, which further reinforces the resilience of its business model, for full year 2022, assuming no significant economic disruption, Air Liquide is confident in its ability to further increase its operating margin and to deliver recurring net profit growth, at constant exchange rates.
The robust and diversified investment backlog, currently running at 3.4 billion euros, is particularly promising for future growth. In this context, the Group has decided to invest 1.1 billion euros this quarter, notably in Electronics and in projects that contribute to the fight against climate change. More than 40% are related to the energy transition. Cash flow remained high at 24% of sales.ġ2-month investment opportunities remain high, at more than 3 billion euros. The business portfolio is actively managed. Operational efficiencies, in an inflationary context, stood at the very good level of 262 million euros over nine months. Against a backdrop of high inflation, value creation and dynamic pricing management in Industrial Merchant allow the Group to recover the increase in costs while, in Large Industries, energy price increases are contractually passed on to customers. The Group resolutely pursues its continuous performance improvement measures. In terms of geographies, activity was particularly strong in the Americas and Asia, and was more contrasted in Europe. Within Gas & Services, which accounts for 96% of sales, the business was driven in particular by the momentum of Electronics, the solid performance of Industrial Merchant and growth in Healthcare. All activities improved: Gas & Services, Engineering & Construction and Global Markets & Technologies. Revenue, at close to 8.3 billion euros, was up +8.3% on a comparable basis and up +41.3% on a published basis, demonstrating the robustness of Air Liquide’s business model in the context of a surge in energy prices.
“The Group maintained a strong growth momentum during the third quarter despite a complex macroeconomic environment. Commenting on 3 rd quarter sales for 2022, François Jackow, Chief Executive Officer of Air Liquide, stated:
0 kommentar(er)
