L'Air Liquide Ord (AIQUF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Air Liquide Q1 2025 Revenue Conference call. All participants are currently in a listen-only mode until we conduct a question and answer session and instructions will be given at that time. I would now like to hand the call over to the Air Liquide team. Please begin your meeting and I will be standing by. Good morning, everyone. This is Aude Rodriguez, Head of Investor Mission. Thank you very much for attending the call today. François Jacob and Jérôme Pelton will present the first quarter revenue. For the Q&A session, they will be joined by Émilie Morin-Renoir, Group VP, overseeing air-liquid operations in Europe, Africa, Middle East, and India, and by Adam Peters, Group VP, CEO of Air Liquide North America. Adam is on the phone with us from the U.S. In the agenda, our next announcement is on July 29th for our half-year 2025 results. Let me now hand you over to François. Thank you, Aude, and good morning, everyone. It is my pleasure to be with you today to share the highlights of the first quarter of 2025. This quarter's performance, once again, shows a strong resilience of air liquid in these turbulent times. We stay, of course, focusing on improving what is under our control while quickly and effectively adapting to the external context. We remain committed to delivering our further elevated margin ambition in spite of the environment. We also continue to progress very successfully on project development, building for future growth. Let's move now to slide three. The numbers speak for themselves. Sales grew plus 2% on a comparable basis, demonstrating solid resilience. IM pricing remained accretive and increased an additional 2.5% in Q1. This follows a plus 30% increase over the last four years and is as stron...