FRANKFURT--The following is a summary of analysts' forecasts for Air Liquide S.A. (AI.FR) 1st half-year results, based on a poll of eight analysts conducted by Dow Jones Newswires (figures in million euros, EPS and target price in euro, according to IFRS). Earnings figures are scheduled to be released July 30.

=== 
                                Operat.     Net 
                                income   attrib. 
1st half-year       Sales    recurring   profit     EPS 
AVERAGE             7,975        1,364      843    2.44 
Prev. Year          7,506        1,254      755    2.20 
+/- in %             +6.2         +8.8      +12     +11 
 
MEDIAN              8,060        1,373      861    2.49 
Maximum             8,090        1,405      870    2.52 
Minimum             7,507        1,283      772    2.25 
Amount                  7            8        5       4 
 
Baader-Helvea       8,019        1,283      772    2.25 
Citi                   --        1,374       --      -- 
Credit Suisse       7,507        1,339       --      -- 
Deutsche Bank       8,064        1,381      862      -- 
HSBC                8,024        1,371      850    2.47 
Kepler Cheuvreux    8,090        1,390      861    2.51 
Morgan Stanley      8,060        1,405       --      -- 
UBS                 8,060        1,372      870    2.52 
 
 
            Target price  Rating 
AVERAGE           114.43  positive 2 
Prev. Quarter     114.40  neutral  5 
+/- in %            +0.0  negative 1 
 
MEDIAN            115.00 
Maximum           138.00 
Minimum            97.00 
Amount              7 
 
Baader-Helvea     115.00  Hold 
Commerzbank        97.00  Add 
Credit Suisse     111.00  Neutral 
Deutsche Bank     126.00  Hold 
HSBC              117.00  Hold 
Kepler Cheuvreux  138.00  Buy 
Morgan Stanley        --  Equalweight 
UBS                97.00  Sell 
=== 

Year-earlier figures are as reported by the company.

DJG/err 

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