Air Liquide Reaffirms 2026 Operating Margin Improvement Target of 100 Basis Points

By Public Technologies
  • Air Liquide reaffirmed its 2026 outlook for 100-basis-point operating margin improvement and recurring net profit growth at constant exchange rates.
  • For 2027, it expects another 100-basis-point margin improvement, bringing the cumulative target for 2022-2027 to 560 basis points.
  • Fourth-quarter growth is expected to match the third quarter, when comparable revenue rose 3%, despite geopolitical instability limiting visibility.
  • Third-quarter revenue reached EUR 7.26 billion, up 10% as reported, supported by favorable energy, currency and acquisition effects.
  • The 2026-2030 plan targets annual recurring earnings-per-share growth of 10%, ±2 percentage points, with operating margin improvement of 400-600 basis points.


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