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Air Liquide (DE:AILA)
FRANKFURT:AILA
Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.69Last Year’s EPS
0.65Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial story: modest organic revenue growth, strong margin expansion (130 bps Gas & Services; +100 bps group), recurring net profit growth (~+10% ex-FX), record cash generation (EUR 6.8bn), a record investment backlog (~EUR 4.9bn) and substantial efficiency delivery (EUR 631m). At the same time management acknowledged near‑term regional softness (notably parts of Asia and certain large-industry segments), helium and merchant pockets of weakness, significant restructuring charges (~EUR 200m) to realign European cost structures and regulatory/energy uncertainties in Europe. On balance the positives—margin/leverage gains, cash, backlog, electronics momentum and clear transformation execution—materially outweigh the challenges called out, supporting an overall constructive outlook while highlighting near-term execution and regional demand risks.Company Guidance
Modest Organic Sales Growth
Group sales grew +2% on a comparable basis for FY2025, with a slight Q4 acceleration to +2.5% and Gas & Services also up +2% on a comparable basis.
Strong Margin Expansion
Gas & Services operating income ratio (OIR) margin improved +130 basis points excluding energy pass-through; group operating margin improved +100 bps (ex-energy pass-through) and OIR published up +3.5% (excluding currency +7.7%). Management reiterated +100 bps margin improvement guidance for 2026 and added a further +100 bps for 2027, raising the cumulative target to +560 bps (2022–2027).
Recurring Profit and Returns Momentum
Recurring net profit grew ~+10% excluding currency impacts (reported net profit +6.4%); recurring ROCE continued to rise above 11% and has remained >10% since 2022.
Record Cash Generation and Strong Balance Sheet Metrics
Generated record EUR 6.8 billion in cash in 2025; gross CapEx EUR 4.1 billion (EUR 3.7 billion net of divestitures); record dividends paid EUR 1.9 billion; net debt-to-equity stood at 31.2% (pre-DIG acquisition).
Exceptional Efficiency Delivery
Delivered EUR 631 million of efficiencies in 2025, well above the annual ADVANCE objective of EUR 400 million; purchase costs down ~3.6% and personnel expenses reduced through ~5% headcount reduction since early 2024.
Robust Investment Backlog and Pipeline
Investment backlog nearly EUR 4.9 billion (record, >15% above prior year) with 12-month investment opportunities at a record EUR 4.6 billion; backlog and pipeline heavily weighted to electronics (~40%+).
Electronics Business Momentum
Electronics converted ~EUR 1 billion in CapEx over past 24 months and is tracking ~EUR 2 billion of active opportunities; Electronics sales up ~+6% underlying (ex-E&I) in Q4 and now represents >40% of 12-month opportunities.
Strategic M&A and Market Positioning
Acquisition of DIG Airgas in South Korea (closed Jan 2026) completed to strengthen position in large industrial gas market; 13 bolt-on acquisitions closed in 2025 to increase local density.
Shareholder Returns Increased
Board to propose dividend of EUR 3.70 per share (+12% vs prior year) and a 1-for-10 free share attribution proposal (subject to AGM), continuing long-term dividend growth track record.
Sustainability and Safety Achievements
CO2 emissions down 13% vs 2020 baseline and carbon intensity reduced 46% over 10 years; achieved lowest lost-time accident frequency in company history (60% reduction over 2 years).
DE:AILA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:AILA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 20, 2026 | €33.00 | €33.60 | +1.82% |
Jul 29, 2025 | €34.20 | €33.60 | -1.75% |
Feb 21, 2025 | €33.59 | €33.59 | 0.00% |
Jul 26, 2024 | €31.81 | €31.81 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Air Liquide (DE:AILA) report earnings?
Air Liquide (DE:AILA) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Air Liquide (DE:AILA) earnings time?
Air Liquide (DE:AILA) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Air Liquide stock?
The P/E ratio of Air Liquide is N/A.
What is DE:AILA EPS forecast?
DE:AILA EPS forecast for the fiscal quarter 2026 (Q2) is 0.69.