2019年第三季度：销售持续增长，本季度增长3.5%，在充满机遇的环境中做出选择性投资决策

法国巴黎，2019年10月24日

Finance

战略

Results

评论3^研发2019年第四季度，法国液化空气集团董事长兼首席执行官贝诺•波蒂埃，声明：

“Sales growth continued this quarter, with Group revenue amounting to 5.5 billion euros, up 3.5%. Growth was driven by all Gas & Services activities, which represent 96% of the Group's sales, as well as our Global Markets & Technologies business. Positive currency and significant scope impacts offset lower energy prices.

All Gas & Services activities grew on a comparable basis, despite a more moderate global growth. Healthcare and Electronics were particularly dynamic, and Industrial Merchant and Large Industries remained solid. Geographically, our business continued to grow in every region in the world, particularly across Asia and Europe.

此外，集团继续实施运营效率计划，2019年前9个月达到3.1亿欧元，与超过4亿欧元的年度目标一致。经营现金流增长明显高于销售增长。投资周期的导向性依然特别好，12个月后仍有大量机会。确保未来增长的投资决策在过去三年急剧增加^研发截至9月底，这一数字达到27亿欧元。

假设环境相当，液化空气集团有信心在2019年以恒定汇率实现净利润增长。”

集团收入for the 3^研发2019年第四季度总计54.54亿欧元, up+3.5%在comparable basis. 天然气和服务业实现了强劲的可比销售增长(+3.5%)，尽管经济环境趋缓。在工程和建筑领域，第三方客户的销售额与去年同期相比保持稳定^钕季度，资源主要来源于内部大型工业和电子项目。全球市场与技术继续强劲发展betway旗舰版下载+29.7%.

本季度货币影响仍为正，为+2.1%，而能源影响则为中性^圣一半，是不利的3^研发季度（-2.7%）。1月底在美国收购Tech Air^圣2019年第四季度产生了+0.6%的显著范围影响。出版三^研发季度集团收入growthwasalso therefore+3.5%.

天然气和服务收入for the 3^研发quarter of 2019 reached5,242 million euros, up+3.5%在可比的基础上。出版sales were also up+3.5%, with the unfavorable energy impact (-2.9%) offset by the favorable currency impact (+2.2%) and the consolidation of Tech Air acquired in the United States at the end of the 1^圣quarter, accounted for as the significant scope (+0.7%).

美国天然气和服务收入美洲总计2,137 million euros，增加+2.0%during the 3^研发2019年第四季度。受美国客户维护周期的影响，大型工业公司的销售额增长了0.6%。工业商户收入实现了+1.1%的弹性增长，主要受更高的定价推动。电子产品增长率为+1.5%，医疗保健继续显著改善（+11.1%）。
年收入欧洲已到达区域1,742 million euros在这一季度，上升+三.三%，主要是良好的医疗保健销售势头（+4.8%）和强劲的工业和商业增长（+4.6%）。大型工业销售（+0.6%）得益于比荷卢炼油厂的高氢需求，但德国和南欧的活动较弱。
年收入Asia Pacific总计12.07亿欧元in the 3^研发2019年第四季度，上升+7.2%. 大型行业的销售额增长（+10.3%）得益于4个月的几家初创企业^第2018年第四季度在中国，包括福建神源的最后一笔捐款。工业商户销售额增长（+3.7%）与2月份持平^钕四分之一。电子产品在第三季度继续保持强劲的收入增长^研发quarter (+7.3%) despite a marked decrease in Equipment & Installation sales compared with a particularly high level in the 3^研发2018年第四季度。
年收入Middle East and Africa总计1.56亿欧元, up+1.5%整个季度。大型工业活动略有上升。中东、埃及和印度的工业商人仍然非常活跃，特别是氦气销售强劲。

与1一致^圣上半年，所有业务都对天然气和服务收入的增长作出了贡献，尤其是医疗保健和电子产品。Large Industries(+三.三%)主要得益于亚洲几次增长的销售额贡献，包括福建神源的最后一次贡献，在欧洲的贡献较小。在疲软的经济环境下，中国的经济增长工业商人圣ood at+2.4%，主要得益于成功的定价管理、消费相关市场的增长以及有利的工作日数。年销售额增长很高Healthcare(+5.9%)尤其是在欧洲和拉丁美洲的家庭医疗保健和美国的医用气体方面。数码产品收入保持大幅增长(+5.8%)尽管有很高的比较基础，但由于设备和安装（E&I）的销售在3年内非常强劲^研发2018年第四季度；增长率为+8.6%，不包括E&I。

Consolidated工程与建筑收入，按8100万欧元, was stable compared with the 2^钕quarter, with resources mainly attributed to internal Large Industries and Electronics projects.

全球市场与技术betway旗舰版下载sales were up+29.7%in the 3^研发季度1.31亿欧元.Biomethane remained the main contributor to growth, with the ramp-up of several units in Europe. Equipment sales related to the Turbo‑Brayton technology, which enables the cryogenic refrigeration and reliquefaction of natural gas when transported by sea, also posted strong growth.

Efficiency gains达到3.1亿欧元since the beginning of the year, up more than +20% compared with end September 2018 and slightly ahead of the annual objective, reinforced and now fixed at more than 400 million euros.

Cash flows from operating activities before changes in working capital requirements总计34.58亿欧元今年前9个月+8.8%（不包括IFRS16）, which was largely higher than the increase in sales as published (+6.3%). It stood at the high level of销售额的21.1%除IFRS16外，为19.9%。资本支出净额^[1]总额为18.34亿欧元，与2018年9月底相比增长10.8%，代表销售额的11.2%，符合近地天体战略计划。

产业和金融投资决策总计27亿欧元since the beginning of the year, including the acquisition of Tech Air in the United States completed at the end of the 1^圣四分之一。工业决策显著上升约20%。投资项目的强劲势头继续保持12个月的机会组合到达28亿欧元.