By Air Liquide Reports Increase in Full-Year Profit
Air Liquide’s full-year profit saw a significant boost, causing shares to rise despite missing consensus expectations. The French industrial-gases company reported a 2023 net profit of €3.08 billion, surpassing the prior year’s earnings of €2.76 billion. Although slightly below analyst estimates of €3.29 billion, the company’s resilient business model continues to impress.
Margin Targets Raised
Air Liquide also announced an increase in its margin target as part of its Advance strategic plan. Jefferies analysts noted that the company is now aiming for a 3.2% margin increase by 2025, up from the previous target of 1.6%. This adjustment reflects the company’s confidence in further increasing its operating margin and growing net profit at constant exchange rates.
Analysts’ Perspectives
In a recent research note, Citi analysts praised Air Liquide’s consistent performance, stating that while other chemical stocks might show higher earnings growth potential, Air Liquide’s solid business model remains strong.
Conclusion
With a positive outlook for growth and profitability, Air Liquide has proven its ability to adapt and thrive in changing market conditions. The increase in full-year profit and revised margin targets highlight the company’s commitment to delivering value for investors and stakeholders alike.
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