Air Liquide SA (CHIX:AIp)
€ 175.04 +0.50 (+0.29%) Market Cap: 99.19 Bil Enterprise Value: 110.57 Bil PE Ratio: 30.40 PB Ratio: 3.73 GF Score: 90/100
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Full Year 2024 L'Air Liquide Societe Anonyme pour l'Etude et l'Exploitation des Procedes Georges Claude SA Earnings Call Transcript

Feb 21, 2025 / 10:00AM GMT
Release Date Price: €173.08

Key Points

Positve
  • Air Liquide SA (AIQUF) achieved a record year in 2024 with a significant operating margin improvement of over 100 basis points.
  • The company reported a strong backlog of EUR 4.2 billion in signed growth investment projects, indicating secured future growth.
  • Air Liquide SA (AIQUF) successfully reduced CO2 emissions by 11% below 2020 levels, showcasing its commitment to sustainability.
  • The company proposed a dividend per share increase of 13.7% to EUR 3.3, reflecting a strong commitment to shareholder value.
  • Investment decisions reached a record high of EUR 4.4 billion, with major projects signed across the USA, Asia, and Europe, indicating robust future growth opportunities.
Negative
  • Despite overall growth, the Global Market Technologies segment saw a decline of 2.5%, impacted by divestitures in aerospace and defense.
  • The company faced challenges in Europe with soft volumes in the Industrial Merchant segment, partly due to the divestiture of activities in 12 African countries.
  • There is uncertainty in the US regarding clean energy projects, with investment decisions likely delayed until the second half of 2025 due to policy uncertainties.
  • The restructuring costs amounted to over EUR 200 million, reflecting significant expenses related to the company's transformation initiatives.
  • The company anticipates continued soft volumes in the EMEA region for 2025, requiring active pricing strategies to maintain resilience.
Operator

Good morning ladies and gentlemen, and welcome to the Air Liquide full year 2024 revenue conference call. (Operator Instructions)

I will now hand over to the Air Liquide team. Please begin your meeting and I will be standing by.

Aude Rodriguez;Air Liquide Societe Anonyme pour l;Etude et l;Exploitation des Procedes Georges Claude SA;Head;Investor Relations;Francois Jackow;Air Liquide Societe
L;L

'''--

Good morning, everyone. This is Aude Rodriguez, Head of Investor Relations. Thank you very much for attending the call today. Francois Jackow and Jerome Pelletan will present the performance of the full year 2024. For the Q&A session, they will be joined by Emilie Mouren-Renouard and Adam Peters, both Group VP overseeing respectively EMEA and North America. Adam is on the phone with us from the US. In the agenda, our next announcement is on April 24, for our first quarter revenue.

Let me now hand you over to Francois.

- '

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