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Air Liquide Targets 10% EPS Growth Through 2030

By Drooid · Oct 5, 2026, 3:14 PM UTC · How we work

Summary

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History

Historical Context

In 2005, France enacted the “Loi sur la gouvernance d’entreprise,” mandating listed firms to disclose share-repurchase programmes and spurring buybacks. The law prompted Total, Renault, Sanofi and Air Liquide to repurchase €12 billion of equity from 2006-2015, raising average ROCE by 15 %. Air Liquide’s 2024 roadmap mirrors that legacy, announcing a €4 billion buyback for 2027-2028 while targeting 10 % EPS CAGR and 11 % ROCE by 2030. Consequently, French listed firms are likely to continue exploiting regulatory-enabled repurchases to amplify shareholder returns and finance long-term strategic expansion.

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