L'Air Liquide S.A. (AIQUF) Q1 2025 Earnings Call Transcript

L'Air Liquide S.A. (OTCPK:AIQUF) Q1 2025 Results Conference Call April 24, 2025 4:00 AM ET

Company Participants

Aude Rodriguez - Head of Investor Relations
Francois Jackow - Chief Executive Officer & Director
Jerome Pelletan - VP, Chief Financial Officer & Member of the Executive Committee
Adam Peters - VP, Chief Executive Officer, Air Liquide North America
Emilie Mouren-Renouard - VP, Europe Industries, Member of the Executive Committee

Conference Call Participants

Tom Wrigglesworth - Morgan Stanley
Tony Jones - Redburn Atlantic
Jean-Luc Romain - CIC Market Solutions
Peter Clark - Bernstein
Laurent Favre - BNP
Geoff Haire - UBS
Chetan Udeshi - JPMorgan
John Campbell - Bank of America
Georgina Fraser - Goldman Sachs

Aude Rodriguez

Good morning, everyone. This is Aude Rodriguez, Head of Investor Relations. Thank you very much for attending the call today. Francois Jackow and Jerome Pelletan will present the first quarter revenue. For the Q&A session, they will be joined by Emilie Mouren-Renouard, Group VP overseeing Air Liquide operations in Europe, Africa, Middle East and India; and by Adam Peters, Group VP, CEO of Air Liquide North America. Adam is on the phone with us from the U.S. In the agenda, our next announcement is on July 29 for our one half year 2025 results.

Let me now hand you over to Francois.

Francois Jackow

Thank you, Aude and good morning, everyone. It is my pleasure to be with you today to share the highlights of the first quarter of 2025. This quarter's performance once again was a strong resilience of Air Liquide in this turbulent times. We sail the course, focusing on improving what is under our control, while quickly and effectively adapting to the external context. We remain committed to delivering our further elevated margin ambition in spite of the environment. We also continue to progress very successfully on project development, building for future