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Last update 16/10/2017 (Consensus = Median)
Important Notes:
1) 2017 "Published" growths are based on 2016 sales, as if Aqua Lung and AL Welding had been deconsolidated as of January 1, 2016.
2) Growth based on 2016 adjusted sales, i.e. as if Airgas had been consolidated with divestments fully completed and Aqua Lung and AL Welding deconsolidated as of January 1, 2016. Therefore exceptionally in 2017, the addition of significant perimeter, currency and energy impacts as well as comparable growth does not match published growth.
 
Financial Figures in EURmQ3 2016FY 2016Q3 2017 EFY 2017 E
Sales
Group sales 4,961 18,135 4,952 20,490 
Published growth (%) 1) -0.2% 13.0% 
Significant perimeter impact (%) 2) 0.0% 0.0% 
Currency impact (%) 2) -4.0% -1.4% 
Energy impact (%) 2) 0.9% 1.3% 
Comparable growth (%) 2) 3.0% 2.8% 
Gas & Services sales 4,783 17,331 4,776 19,738 
Published growth (%), G&S 1) -0.1% 13.9% 
Significant perimeter impact (%), G&S 2) 0.0% 0.0% 
Currency impact (%), G&S 2) -4.0% -1.3% 
Energy impact (%), G&S 2) 0.9% 1.4% 
Comparable growth (%), G&S 2) 2.9% 3.2% 
Engineering & Construction sales 105 474 95 347 
Published growth (%), E&C -9.5% -26.8% 
Global Markets & Technologies sales 73 330 84 365 
Published growth (%), GM&T 15.0% 10.5% 
Last update on 16/10/2017
Disclaimer
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.