• Q3 Sales: €6.60 billion, up 1.9% YoY on a comparable basis.
• Gas & Services segment: €6.39 billion, also up 1.9% YoY.
• Analyst consensus: €6.59 billion – sales met expectations.
• Outlook: Company expects further margin expansion and recurring net profit growth at constant exchange rates.
• 2026 target: Cumulative operating margin increase of +460 basis points by end of 2026.

Growth was driven by healthcare and industrial merchant divisions, supporting Air Liquide’s steady performance amid moderate market conditions.