DIG Airgas Co., Ltd. is a South Korea–based industrial gases company. It produces and supplies industrial and specialty gases, along with related equipment and services, for a wide range of industrial customers.
The company offers packaged and bulk delivery solutions to support applications in manufacturing, metals, chemicals, electronics, and research across South Korea.
Second-quarter comparable growth accelerated; operating margin, recurring profit and cash flow improved while record investments and the DIG Airgas deal closed.
Long-term contract to build and operate a nitrogen unit supplying high-purity gases and compressed air to an HBM packaging and testing fab; operations due late 2027.
Q1 sales €6.8B (+3.4% ex-currency/energy). Gas & Services +2%; Healthcare +4%. Efficiencies €142M; operating cash flow +7%. Investments €1.5B, backlog €5.5B; DIG Airgas closed; +100bps margin target 2026.
Record 2025 performance with increased sales, profits, and investments. New margin target for 2027 set. Dividend raised by 12.1%.
The acquisition doubles workforce, boosts sales, and enhances growth in South Korea's industrial gas market, with synergies and increased EBITDA expected by 2030.
The bond, oversubscribed and rated "A", funds a strategic acquisition in South Korea, enhancing market presence in key sectors with maturities up to 12 years at under 3% interest.
Revenue rose 1.9% on a comparable basis. Healthcare and Industrial Merchant drove growth. Investment momentum strong with major projects. DIG Airgas acquisition in South Korea planned.
The acquisition strengthens market position in South Korea, enhancing growth in electronics, clean energy, and mobility sectors, with expected completion in 2026.
