L'Air Liquide Ord (AIQUF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Air Liquids Third Quarter 2025 Revenue Conference Call. All participants are currently in listen mode only until we conduct a question and answer session, and instructions will be given at that time. I will now hand over to the Air Liquids team. Please begin your meeting and we will be standing by. Good morning, everyone. This is Aude Rodriguez, Head of Investor Relations. Thank you very much for attending the call today. François-Jacques and Jérôme Pelleton will present the third quarter revenue. For the Q&A session, they will be joined by Émilie Morin-Renoir and Adam Peters, both GroupsGP overseeing respectively INIE and North America. Adam is on the phone with us from the U.S. In the agenda, our next announcement is on February 20th next year for our full 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 walk you through the very solid achievements of the group in the third quarter of 2025. Of course, we are still operating in the same turbulent environment that has defined the market since the start of the year. But despite these conditions, I am glad to report that Air Liquide is maintaining a very strong momentum. We are delivering consistent sales growth that demonstrates far more than just resilience. We continue to grow. Also, we are firmly confident in achieving our margin improvement target driven by the structural transformation underway across the group. At the same time, we've had, again, significant success in business development securing new contracts and reaching a new record high backlog. Let's turn to slide three. The numbers speak for themselves. Sales grew plus 2% on a comparable basis, maintaining ...