Free Trial

Air Liquide: Solid 4Q23, Strong Outlook

BASIC INDUSTRIES
  • Small positive for spreads, but absolute spread already tight.
  • Revenue in line at -7.8% YoY. Operating income in line at +4.2% YoY.
  • FCF +15% YoY. ND/EBITDA improved to 1.5x from 1.7x YoY.
  • Guiding for increased operating margin and net profit for 2024. Strong order backlog.
  • Increasing margin target for 2025.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.