Air Liquide: Oddo BHF remains positive after results

(CercleFinance.com) - Oddo BHF reiterates its 'outperform' recommendation and price target of 216 euros on Air Liquide, pointing out that the industrial gas supplier's share is trading at 13 times EV/EBITDA for fiscal 2025, versus nearly 18 times for its peer Linde.


The Group remains confident about the outlook for its markets, enabling it to commit to growing margins until 2026 (versus 2025 before)", points out the analyst, who has only marginally adjusted its EBIT sequence for 2025/27.

Investment opportunities over the next 12 months amount to 4.1 billion euros (of which over 40% related to the energy transition, compared with 3.4 billion at the end of 2023), which makes it a key player in the energy transition', he continues.

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