Annual Report 2021

Advance, the 2025 strategic plan

Unlocking progress via technology

Thanks to its capacity for innovation and its technological expertise, the Group is contributing to the development of five markets of the future: mobility, electronics, healthcare, industrial merchant and high technologies. With ADVANCE, it intends to strengthen its positioning in these sectors.

Acting for all

As a civic-minded company, Air Liquide strives to ensure that everything it does is in the interests of its employees, its customers and its patients, its shareholders and its partners and, beyond that, of society as a whole.

Our objectives

+5% to 6%

AVERAGE ANNUAL
SALES GROWTH(1)

>10%

ROCE
FROM 2023

INITIATING THE
reduction
OF CO2 EMISSIONS
AROUND 2025

By relying on

>+ 160 bps

OPERATING MARGIN GROWTH
OVER FOUR YEARS (2022-2025)(2)

€16bn

RECORD LEVEL OF INVESTMENT DECISIONS;
HALF OF THE INDUSTRIAL INVESTMENTS(3) WILL BE DEDICATED TO THE ENERGY TRANSITION

  1. Compound annual growth rate (CAGR) of sales on a comparable basis over the 2021-2025 period.
  2. Sum of annual operating margin improvements in basis points, excluding energy pass-through impact.
  3. Industrial investment decisions above 5 million euros.