Air Liquide Tunisie SA reported consolidated earnings results for the year 2014. The company's 2014 consolidated revenue reached €15,358 million, an increase of 4.5% over 2013 on a comparable basis. On a reported basis, the increase was 0.9%, reflecting an unfavorable currency impact over the first three quarters of 2014. Net profit (Group share) is €1,665 million, up 3.8% when adjusted for the currency and significant scope impacts and of 1.5% as reported. The group's cash flow model once again demonstrated its solidity, with net debt at €6,306 million, virtually unchanged excluding the currency impact, and a slightly improved debt to equity ratio of 53%. The return on capital employed after tax is 11.1% excluding currency impact (10.8% as reported) and will improve with the rampup of growth projects currently under development.

Assuming a comparable economic environment, the company is confident in its ability to deliver another year of net profit growth in 2015.