L'Air Liquide rises to 11-month high on 'decent' results, outlook

LAir Liquide Societe Anonyme Pour letude Et lexploitation Des Procedes George

21/02/2025 08:12

** Shares in French industrial gases supplier L'Air Liquide
 AIRP.PA  rises as much as 3.5% to its highest since mid-March
2024, after its annual results and lifted guidance
    ** J.P. Morgan analysts deem the results to be overall
"decent" pointing to an upside guidance on 2025 and 2026
consensus
    ** "It is uncharacteristic for Air Liquide to provide a
quantitative margin improvement target at the start of the year.
So, that they have chosen to do this now... shows perhaps a
higher level of management confidence on the delivery of these
targets", says JPM
    ** The analysts also highlight "good mid-term growth story"
citing high business backlog and investment plans
    ** Up to the previous session's close, shares were up 10.1%​
YTD

 (Reporting by Mateusz Rabiega)
 ((Mateusz.rabiega@thomsonreuters.com))