Understanding and calculating the profitability of your portfolio

By choosing to become an Air Liquide shareholder, you are placing your trust in us and supporting our business development. For this reason, we are committed to involving you in our growth and, more generally, in the Company’s corporate life.

Measure the return on your shares

To assess the overall performance of your investment, four factors must be taken into account:

• share price performance;
• the dividend, which we pay you regularly. Historically, its total amount accounts for around 50% of the Company’s net profit;
• free shares, which we regularly attribute to all our shareholders. Although this offer does not have an immediate effect on the value of your portfolio, it increases your dividend rights the following year;
• the 10% loyalty bonus on the dividend paid, as well as on the attribution of free shares for shareholders who have held their registered shares for more than two full calendar years.

(a) Proposed for the 2019 fiscal year at the Annual General Meeting on May 5, 2020.

(b) 2018 figures restated for the impact of the free share attribution in October 2019.

Long-term stock market performance

Growth as at 12/31/2019

For 20 years, Air Liquide shares outperformed by +302.59%, the CAC 40‑indexed outperformed by +0.33%. The Air Liquide share was €31.35 in 1999.

For 10 years, Air Liquide shares outperformed by +144.63%, the CAC 40‑indexed outperformed by +51.87%. The Air Liquide share was €51.59 in 2009.

For 5 years, Air Liquide shares outperformed by +52.43%, the CAC 40‑indexed outperformed by +39.91%. The Air Liquide share was €82.79 in 2014.

For 1 year, in 2019, Air Liquide shares outperformed by +28%, the CAC 40‑indexed outperformed by +26.37%. The Air Liquide share is €126.20.

Share price adjusted to take into account the stock split in 2007, the free share attributions, and the capital increase in 2016 linked to the acquisition of Airgas. Share price as at December 31 of the year concerned.