Air Liquide: First Quarter 2021: Return to Growth -5-
Provided by Dow Jones Apr 23, 2021 5:35 AM UTC Since industrial and medical gases are rarely exported, the impact of currency fluctuations on activity levels and results is limited to euro translation impacts with respect to the financial statements of subsidiaries located outside the eurozone. The currency impact is calculated based on the aggregates for the period converted at the exchange rate for the previous period. In addition, the Group passes on variations in the cost of energy (electricity and natural gas) to its customers via indexed invoicing integrated into...
Source: morningstar.com