PARIS: French industrial gases group Air Liquide confirmed on Friday its expectation that net profit would rise this year, barring a downturn in market conditions, after third-quarter sales grew 4.3 percent like-for-like.
Air Liquide provides industrial gases used in the food, auto, chemical, oil and gas, aerospace, and semiconductor sectors, as well as in engineering and construction. It also supplies medical gases that help patients breathe, relieve pain or are used in anaesthesia.
Air Liquide said its like-for-like sales of 3.8 billion euros ($4.81 billion) saw strongest growth in the Americas, Asia-Pacific and emerging markets, while Western Europe manufacturing continued to slow down.
Air Liquide had achieved 233 million euros of savings at the end of the quarter. Its full-year savings target is 250 million.
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