On the occasion of its Investor Day, which is being held in Paris on
December 11, 2013, Air Liquide (Paris:AI) presents an update on its ALMA
2015 plan and explains its vision of how its markets are evolving, as
well as its strategy and growth outlook.
Over the 2011-2015 period, the Group expects average annual
growth in revenues of +5% to +7%, adjusted for currency
impacts, outperforming the average annual growth forecast for the
industrial gases market by +1% to +2%. Over this same period, Air
Liquide is committed to generating substantial cumulative efficiencies,
an objective increased at the beginning of the year by +30%, to €1.3
billion, as well as to pursuing its adjustment programs thus
reinforcing its competitiveness.
This sound management approach is being accompanied by the rollout
between 2011 and 2015 of an investment program worth €12
billion, already mostly committed, designed to lay the groundwork
for medium-term growth.
Looking towards 2020, Air Liquide will continue to capitalize on
the strength of its core business and its financial structure, as well
as on development initiatives intending to achieve average annual revenue
growth of between +6% and +9%, excluding currency impacts,
outperforming the industrial gases market’s expected growth beyond 2015,
and a return on capital employed (ROCE) of 11% to 13%.
The Group also intends to leverage its leadership positions in
the world’s major industrial basins, its patented technologies and
its competitive solutions and services, to address the
major challenges that society will face tomorrow. Whether related
to energy and the environment, to the acceleration of the digital
revolution and of the related electronic products, or to the move of healthcare
services from hospital to home, these challenges will be met with a
reinforced innovation process that the Group has already
Benoît Potier, Chairman and CEO of Air Liquide, stated:
“Our ambition is to be the leader in our industry, delivering
long-term performance and acting responsibly with respect to all our
Our strategy is one of profitable growth over the long term. It is
driven by reinforced competitiveness in our operations, targeted
investments in growing markets, and constant innovation to open new
markets and create new opportunities.
The Group’s development potential is based on the rollout of this
strategy by committed teams. It is driven by three major trends:
industry globalization and resource constraints, evolving consumption
patterns and demographics, and the growing appetite for innovation.
These trends are generating a new market dynamic in addition to the more
traditional geographic approach that had prevailed up to now and which
was focused on developing economies.
Thanks to the numerous strengths we bring to this new environment,
we are confident in the ability of Air Liquide to successfully pursue
its development, celebrated this year on the 100th
anniversary of listing on the Paris Stock Exchange, and to generate
profitable growth over the long term.”
2013 Annual results
February 18, 2014
Annual General Meeting
May 7, 2014
World leader in gases, technologies and services for Industry and
Health, Air Liquide is present in 80 countries with close to 50,000
employees and serves more than 2 million customers and patients. Oxygen,
nitrogen and hydrogen have been at the core of the company’s activities
since its creation in 1902. Air Liquide’s ambition is to be the leader
in its industry, delivering long-term performance and acting responsibly.
Air Liquide ideas create value over the long term. At the core of the
company’s development are the commitment and constant inventiveness of
Air Liquide anticipates the challenges of its markets, invests locally
and globally and delivers high-quality solutions.
The company relies on competitiveness in its operations, targeted
investments in growing markets and innovation to deliver profitable
growth over the long-term.
Air Liquide’s revenues amounted to €15.3 billion in 2012, and its
solutions that protect life and the environment represented around 40%
of sales. Air Liquide is listed on the Paris Euronext stock exchange
(compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx
us on https://twitter.com/airliquidegroup