Linde reported its Q1 2024 results on 2nd May. Helium constitutes a very small, low single-digit portion of its sales and, given its size, the overall impact on the EBITDA margin is not consequential, although helium remains an attractive business for the company. Linde acknowledged a general positive trend in electronics, noting that it comprises nearly 10% of its portfolio and 30% of its current investment backlog. It anticipates a recovery in the sector towards the end of the year, driven by AI chips and data centres, although this has not been included in its official guidance. This turnaround could also boost helium sales. The company has observed solid performance in electronics in China and signs of stabilisation in the rest of Asia, which it hopes will lead to a broader recovery in the second half of 2024. These expectations were also seen with Air Products, another sizable global helium supplier with operations in China.
top of page
bottom of page
Comments