Air Liquide Sees Favorable Currency Impact in 3Q -- Currency Comment
04 Octubre 2021 - 04:49AM
Noticias Dow Jones
Air Liquide SA said Monday that currency translation would have
a positive impact on its third-quarter revenue.
The French industrial-gases company expects a favorable
foreign-exchange effect close to 0.5% on revenue in the quarter to
the end of September.
That compares with a negative impact of 4.7% on its gas &
services revenue and a negative impact of 4.6% for group revenue as
a whole for the second quarter.
The company cited the Chinese renminbi as the currency it
expects to have the largest impact on 3Q group sales--having gained
5.7% against the euro on-year--followed by the U.S. dollar,
Argentine peso and Japanese yen.
For the full year, Air Liquide said it expects a hit of about
2.2% from currencies, based on an estimated annual average EUR/USD
exchange rate of 1.19.
Third-quarter sales are due on Oct. 22.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
October 04, 2021 05:34 ET (09:34 GMT)
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