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Air Liquide at a glance
Invest in the leader in its industry
Creating value over the long term
Air Liquide’s ambition is to lead its industry, deliver long term performance and contribute to sustainability. The company’s customer-centric transformation strategy aims at profitable growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders.
Delivering profitable growth over the long term
In 2019, net profit (Group share) amounted to €2,242 million euros, the net earnings per share was 4.76 euros, resulting in a 58% pay-out ratio.
Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40, EURO STOXX 50 and FTSE4Good indexes.
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2019 key figures
Group
| Creation | 1902 |
| Countries | 80 |
| Customers | Over 2 million |
| Patients | Around 1.7 million |
| Employees | Approximately 67,000 |
Innovation
| Innovation expenses | €317 million |
| Innovation patents filed | 330 |
Finance
| Revenues | €21,920 million |
| Operating income recurring | €3,794 million |
| Net profit | €2,242 million |
| Cash flow from operations | €4,712 million |
| Debt-to-equity ratio | 64% |
| Operational margin (Gas & Services) | 19.1% |
| Adjusted earnings per share | €4.76 |
| Adjusted dividend per share | €2.70 |
| ROCE | 8.6% |
| TSR | +11.98% over 5 years for a registered shareholder |
ISR
| Accident frequency | 1.2 per million hours worked |
| % of Group sales related to protecting life and preserving the environment | Over 40% |
| Carbon dioxide emissions | 27.8 million of tons |
| Air Liquide Foundation | Over 350 projects since its creation |
| Independent Directors | 8 out of 12 |
| Women | 29% of managers and professionals |
| Women on the Board | 5 members out of 12 |
Stock market data at December 31
| 2015 | 2016 | 2017 | 2018 | 2019 | ||
| Market capitalization (in millions of euros) | 35,672 | 41,085 | 45,003 | 46,571 | 59,706 | |
| Adjusted closing share price(a)(in euros) | High | 99.53 | 87.64 | 101.32 | 104.68 | 126.90 |
| Low | 78.44 | 71.41 | 82.19 | 89.04 | 93.09 | |
| At December 31 | 83.44 | 87.31 | 95.50 | 98.59 | 126.20 | |
(a)Adjusted following current Euronext regulation.
Data per share at December 31
| 2015 | 2016 | 2017 | 2018 | 2019 | |
| Net earnings per share(b)- EPS (in €) | 4.1 | 4.2 | 4.68 | 4.49 | 4.76 |
| Net dividend per share(b)- DPS (in €) | 2.08 | 2.14 | 2.40 | 2.40 | 2.70(c) |
| Pay-out ratio | 52.5% | 56% | 52.8% | 55.1% | 58% |
| Dividend yield | 2.5% | 2.5% | 2.5% | 2.4% | 2.1% |
| Ex-dividend date | May 23, 2016 | May 15, 2017 | May 28, 2018 | May 20, 2019 | May 11, 2020 |
(b) Data adjusted for attribution of free shares and capital increase.
(c) Subject to the approval of the Shareholders' Meeting of May 5, 2020.