ENXTPA:AIChemicals
Air Liquide (ENXTPA:AI) Stock Ignores Margin Expansion As Debt Concerns Persist
L'Air Liquide stock has been treading water, with a flat 30 day move and a small decline over the past week, yet the latest half year earnings tell a stronger story than the share price suggests. The headline is margin power. Management delivered about 110 basis points of margin expansion in H1 and recurring net profit of €1.9b at constant currency, even with currency pressure and higher financing costs.
For a company often viewed as a premium priced industrials stock with a rich P/E, the...