Elliott Management Supports Air Liquide's New Strategic Plan and Share Buyback
Elliott Investment Management, which holds a significant economic interest in L'Air Liquide S.A., has expressed support for the company’s new strategic plan announced at its 2026 Capital Markets Day. The firm welcomed initiatives aimed at improving margins by 400 to 600 basis points by 2030 and praised Air Liquide's first-ever large share buyback, which Elliott believes should start immediately. Elliott also highlighted the company’s ambitious targets for annual revenue growth of 5% and EPS growth of 10% through 2030. These goals reflect confidence in Air Liquide's business strength and opportunities across sectors like AI, electronics, healthcare, and space. Elliott views these steps as a positive first move that aligns with the company’s prudent approach while allowing room for outperformance. The firm emphasized its commitment to continued constructive dialogue with Air Liquide as it works toward closing margin and valuation gaps compared to peers and delivering long-term shareholder value.
Topics: capital markets day EPS growth margin improvement share buyback