PARIS (dpa-AFX) - French industrial and medical gases maker Air Liquide SA (AIQUY.PK) reported Friday that its third-quarter revenue edged up 1 percent to 3.80 billion euros from the prior year. On a comparable basis, revenues grew 4.3 percent.
The company noted that the unfavorable currency translation effect observed in the first half slowed in the third quarter.
Gas & Services sales edged up 0.1 percent on a reported basis and grew 3.6 percent on a comparable basis, in line with the second quarter trend.
Benoît Potier, Chairman and CEO, said, 'In a more contrasted economic environment, the 3rd quarter was marked by good momentum in the Americas and Asia-Pacific, by vigorous revenue growth in developing economies of more than +15 percent on a comparable basis, and by another slowdown in Western European manufacturing. Overall, the Group grew faster than its market, assessed on the basis of the weighted industrial production index.'
Looking ahead, Air Liquide said it is confident in its ability to deliver another year of net profit growth in 2014.
Copyright RTT News/dpa-AFX