Air Liquide improves profit margins and hails efficiencies

Air Liquide has recorded full-year 2024 revenues of €27.06bn, up 2.6% on the prior year on the like-for-like basis but down 2% in absolute terms, to deliver a net profit of €3.31bn, up 7.4%.

The industrial gases major delivered a full-year group operating margin of 19.9%, which is up by 110 basis points year-on-year, when energy impacts are removed.

The company is now aiming for a 460 basis point improvement by 2026, it said, driven by efficiency gains and investments in hydrogen, carbon capture, and semiconductors.

CEO François Jackow said the results reflected “record efficiencies of €497m” and “major commercial successes”, particularly in markets tied to the energy transition and semiconductor growth.