By Giulia Petroni

 

Air Liquide SA on Tuesday said it expects currency variations and energy costs passed through to customers to affect revenue in the fourth quarter and full-year 2021.

The industrial-gases company said the currency impact is estimated at around 3% in the 4Q and around negative 1.6% in the full year on both group and gas-and-services revenue.

The effect of increasing energy costs passed through to customers is expected to have an impact of around 16% in the 4Q and between 8% and 8.5%, or above 1.6 billion euros ($1.8 billion), in the full year on group and gas-and-services revenue.

Air Liquide previously guided for a further increase in operating margin--which it says it excludes the energy passthrough impact--and recurring net profit growth at constant exchange rates in 2021.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

January 04, 2022 13:25 ET (18:25 GMT)

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