Air Liquide: Consolidated Earnings at June 30, 2003

Date: 8 September 2003
Source: Air Liquide

Date: 8 September 2003

Air Liquide’s Supervisory Board, chaired by Alain Joly, met on September 5, 2003 and reviewed financial statements for the first half of 2003, presented by Benoît Potier, Chairman of the Management Board.

On 30 June 2003, Air Liquide delivered an improvement of +1.2% (+6.8% in constant currencies) in net earnings to reach 328.2 million euros, and of +1.8% (+7.6% in constant currencies) in earnings per share to reach 3.33 euros.Cash flow over the period amounted to 761.0 million euros (+7.6% at constant currencies).

Commenting on first half earnings for 2003, Benoît Potier, Chairman of Air Liquide’s Management Board, said:

“Despite a still hesitant economic environment, Air Liquide continued to make progress in all of its businesses during the first six months. Volumes increased in hydrogen and syngas for refining and chemicals, the semiconductor market performed well and Asia and Europe saw good levels of demand. In Japan, the integration of Japan Air Gases (JAG) is well in line with targets, while acquisitions in gas and services are enhancing growth in countries where we are present.

This steady performance is the result of strategic decisions made in our core businesses and significant efforts made throughout the company, enabling us to maintain the healthy margin levels achieved in 2002 and to continue to increase earnings despite unfavorable exchange rates.

Furthermore, cash flow generated over the period remained strong, reflecting the solidity of our businesses, whilst allowing us to fund dividends and maintain capital expenditure to nurture growth, with net debt kept at the low level achieved in 2002.

During the second half of the year, with the same business trends, we should continue to deliver growth in sales and improve our efficiency, enabling us, despite probable unfavorable currency effects, to report increased net earnings for the full year.”
600450 Air Liquide: Consolidated Earnings at June 30, 2003 glassonweb.com

See more news about:

Others also read

MORE...

Emirates Glass wins major deals
Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Southwall Technologies Secures New Bank Loan and Equity Financing Agreement Led by Needham & Company
Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
KUB accepts Nippon Sheet Glass offer
KUB Malaysia Bhd has accepted an offer from Nippon Sheet Glass Co Ltd (NSG) to acquire its 15% stake in Malaysian Sheet Glass Bhd (MSG) for RM32.6 million in cash, or RM2.68 per share.
Micro-Tek Canada, Inc. and Co-Ventures in Glass Containers, Ltd.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.
Autoglass maker dumps dumping charges
China's largest automobile glass maker Fuyao Glass Industry Group Co, Ltd, won its case against the dumping ruling of the US Department of Commerce (DOC).
History of Glass Wine Bottles
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.

Add new comment