LATEST NEWS EDITORIAL Performance and anticipation In an environment that has seen the instria rotion ine imrove in a the or’s maor re€ions‚ ƒor Gro ahieve a soi st er„ormane in the … ha„ o„ †‡…ˆ‚ ith „rther €ro th in revene an net rofitŠ The Gas & Services business has benefited in particular from the confirmed recovery of Industrial Merchant, which today accounts for around half of our revenue. very eoraphic ones enerated rowth in the st half of the year, most notably hina, which reported doublediit sales rowth in Industrial Merchant and lectronics. e have chosen to present in this issue our activities in this country, whose we support the industrial development and the transition from “producin more” to “producin better”. With Air€as no „ƒ inte€rate an €eneratin€ to this aƒ the sƒner€ies e initiaƒ antiiate‚ Air Li‹ie is „ose on eetin€ its NEOS miŒterm strate€i an‚ Žase on stomerŒentri oen innovationŠ ‚our ƒetter reviews the latest startup investments made by „ƒI„…, the „ir ƒiquide Group’s venture capital arm. „lready ‡ˆ investments have been made in ‰ years. BENOÎT POTIER, ‘or Gro‚ hih has a on€Œterm vision‚ ommits to eveo ne Chairman and CEO mar’ets that i „e its „tre €ro thŠ Hƒro€en as an ener€ƒ arrier is one sh romisin€ mar’etŠ Šydroen can be used to store e‹cess renewable eneries, optimie enery systems and enerate clean electricity in vehicles. The industry is becomin more oranied at a lobal level and the dynamic is intensifyin with the risin influence of the Šydroen ouncil, which now federates Ž‘ lobal companies and strives to ma’e hydroen a ’ey solution for the enery transition. ‚our ƒetter ives an update on this sub“ect and I will be pleased to meet some of you at the „ctionaria fair in ”aris, where you will be able to visit an e‹hibition on hydroen enery. READ THE GROUP’S LATEST To one‚ I o i’e to reiterate ho imortant inivia an FINANCIAL PUBLICATIONS on€Œterm sharehoin€s are to ƒor Gro‚ Žease ithot them at our website airliquide.com e o not Že aŽe to eveo as e have oneŠ •urthermore, in line with our tradition of sharin our performance, we recently distributed free shares to all of our shareholders on –ctober —. Than’ ƒo „or ƒor ommitment an haƒ reain€ to a“ Data as at October 4, 2017. Published by the Air Liquide Communications Deartment, 7, quai d’Orsay 721 Paris Cede 07, rance printed in an alcohol-free rahic desin” Printed by€ Imprimerie La Galiote ‚ Photo credits€ Air Liquide, ranck unouau, otolia, homas LaisnéLa Compan, process using plant-derived ourad okraniCreative pirit, €atrick ‚ackCA€A pictures, ƒ.ƒ. inks. Ž INTER ALDA012_02-03_GB_bat2.indd 2 19/10/2017 10:44
