Air Liquide Estimates Overview >> Group
Consensus as of: 15/04/2024 (Consensus = Median)

Please note:

The consensus on Air Liquide Q1 24 sales includes 9 analyst estimates shared with us these past few days, all up-dated in April 2024.


Consensus estimates, Group [EUR m]Q1 2023FY 2023Q1 2024 EFY 2024 EFY 2025 EFY 2026 EFY 2027 E
Group sales7,174.027,607.66,727.928,160.829,688.731,358.233,066.2
Published growth (%), group4.2%-7.8%-6.2%2.0%5.4%5.6%5.4%
Significant perimeter impact (%), group0.1%0.3%0.0%0.0%0.0%0.0%0.0%
Currency impact (%), group-0.1%-4.2%-4.0%-1.8%0.0%0.0%0.0%
Energy impact (%), group-2.0%-7.6%-5.3%-2.6%0.0%0.0%0.0%
Comparable growth (%), group6.2%3.7%2.1%4.0%5.8%5.3%5.2%
Gas & Services sales6,893.026,360.06,437.026,897.228,405.429,882.631,441.6
Published growth (%), G&S4.6%-7.8%-6.6%2.0%5.6%5.2%5.2%
Significant perimeter impact (%), G&S0.1%0.3%0.0%0.0%0.0%0.0%0.0%
Currency impact (%), G&S-0.1%-4.2%-4.0%-1.2%0.0%0.0%0.0%
Energy impact (%), G&S-2.1%-8.0%-5.5%-1.5%0.0%0.0%0.0%
Comparable growth (%), G&S6.7%4.2%2.4%4.5%5.1%5.0%5.3%
Engineering & Construction sales87.0390.086.6409.5430.0450.0470.0
Published growth (%), E&C-19.0%-17.7%-0.5%5.0%5.0%4.7%4.4%
Global Markets & Technologies sales194.0858.0209.5923.2991.01,070.01,119.2
Published growth (%), GM&T2.4%-3.3%8.0%7.6%7.3%8.0%4.6%
Group sales (P&L)7,174.027,607.66,727.928,160.829,688.731,358.233,066.2
Published growth (%) (P&L)4.2%-7.8%-6.2%2.0%5.4%5.6%5.4%
Operating Income Recurring (OIR)-5,068-5,4515,9906,4827,088
OIR margin (%)-18.4%-19.5%20.2%20.9%21.4%
        OIR G&S-5,271-5,6406,1926,7687,300
        OIR margin G&S (%)-20.0%-21.0%21.7%22.5%23.0%
Group operating income-4,572-5,3485,8916,2926,943
Net financial costs & expenses--416--388-382-364-326
Income taxes--972--1,240-1,353-1,497-1,613
Tax rate (%)-23.4%-25.0%25.0%25.0%25.0%
Share of profit of associates-5-5555
Net income from continuing operations-3,188-3,7184,1374,5145,045
Profit for the period-3,188-3,7184,1374,5145,045
Minority interests--110--118-126-134-139
Net profit (Group share)-3,078.0-3,621.34,032.94,401.44,905.3
Net profit growth (%)-11.6%-17.7%11.4%9.1%11.4%
Weighted average number of shares (m)-522.1-522.1522.1522.1522.1
As published earnings per share (EPS in EUR)-5.90-6.937.688.439.35
As published EPS growth (%)-11.6%-17.5%10.8%9.8%10.9%
Dividend per share (DPS in EUR)-3.20-3.403.603.804.00
DPS growth (%)-8.5%-6.3%5.9%5.6%5.3%
Net cash flows from operating activities-6,263-6,5196,9597,6308,226
Purchase of property, plant and equipment and intangible assets--3,393--3,886-4,093-4,289-4,602
Acquisition of subsidiaries and financial assets--103-0000
Proceeds from sale of property, plant and equipment and intangible assets and proceeds from sale of financial assets and dividend received from equity affiliates-403-0000
Net cash flows from investing activities--3,093--3,862-4,145-4,276-4,602
PPE / Sales (%)-12.3%-14.0%14.1%14.0%14.1%
Net Industrial and Financial CAPEX / Sales (%)-11.2%-14.0%14.3%14.0%14.1%
Free cash flow (net cash flows from operating and investing activities)-3,170-2,6292,7663,0703,483
Dividends paid--1,667--1,792-1,875-1,979-2,088
Net debt at the end of the period (excl. IFRS 16)--9,221--8,620-7,897-6,914-5,851

This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.