Safran: FY 2018 outlook confirmed

(CercleFinance.com) - Safran's Q1 2018 revenue came in at 4,222 million euros (including a 1-month contribution from Zodiac Aerospace of 369 million euros).

This represents an increase of 454 million euros, or 12%, compared to the same period of last year. At a constant consolidation scope, sales rose by 2.3%.

Organic growth in adjusted sales reached 10.2%, boosted by the dynamic nature of the Aerospace Propulsion, Aircraft equipment and Defence divisions.

The Aerospace Propulsion division recorded sales of 2,286 million euros, up 4.6% compared with 2,186 million euros in Q1 2017. On an organic basis, sales rose by 12.1%, boosted by OE and services.



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