Air Liquide has unveiled a new strategic plan through 2030 targeting annual compound sales growth of 5% and a 400 to 600 basis point margin improvement. The industrial gases company aims for net earnings per share to grow at a compound annual rate of 10% from the 6.1 euros reported for 2025. Recurring return on capital employed is targeted above 11% by 2030. The plan includes a 4 billion euro share buyback program scheduled for 2027-28 and a capital budget exceeding 40 billion euros, with more than half allocated to industrial investments and strategic acquisitions. The company also commits to dividend growth alongside these initiatives.
The comprehensive strategy focuses on margin expansion and disciplined capital allocation to achieve sustainable growth. Air Liquide's investment approach emphasizes both organic development and strategic acquisitions to strengthen its market position. The buyback program reflects confidence in long-term value creation while the substantial capital budget underscores commitment to industrial expansion and technological advancement across key markets.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing