Air Liquide Tunisie SA Reports Consolidated Earnings Results for the Year 2014; Provides Earnings Guidance for the Year 2015
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.