By Pierre Bertrand


Air Liquide SA shares rose on Tuesday after the French industrial gases company's third-quarter sales slightly exceeded analyst expectations.

At 0736 GMT, shares climbed 4.2% to EUR129.40 after sales for the quarter rose 41% to 8.25 billion euros ($8.15 billion), slightly ahead of analysts' expectations of EUR8.11 billion according to estimates provided by the company.

The company's revenue was boosted by a record-high energy price pass-through effect of slightly above 24% and was helped by strong pricing, Citi analysts said in a research note, adding that the company's current momentum is likely to continue through to the end of the year.

The company's comparable growth came in at 8.3% for the quarter.

At its gas and services division, Air Liquide's largest contributor to sales, revenue grew 41% where activity in the Americas and Asia was particularly strong, the company said.

The French industrial gases company said it maintained its full-year 2022 outlook of further increasing its operating margin and delivering recurring net profit growth, at constant exchange rates.


Write to Pierre Bertrand at


(END) Dow Jones Newswires

October 25, 2022 04:14 ET (08:14 GMT)

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