Safran, the French aircraft engine manufacturer, revised upward its current operating income forecast which should increase in 2018, not by 7% ​​to 10% as previously expected but by about 20%, despite the integration of Zodiac Aerospace at the beginning of the year.

Adjusted data

  • Revenue at Euro 9,506 million (including a contribution of Euro 1,516 million from Zodiac Aerospace), up 23.9% on a reported basis and up 10.1% on an organic basis
     
  • Recurring operating income at Euro 1,386 million (including a contribution of Euro 129 million from Zodiac Aerospace), up 32.6% on a reported basis and up 20.3% excluding Zodiac Aerospace
     
  • CFM56-LEAP transition on track: Propulsion margin rate improved to 18.3%
     
  • Strong margin improvement in Aircraft Equipment (to 13.4%) and Defense (to 6.9%)
     
  • Excellent free cash flow generation at Euro 820 million (including Euro 25 million from Zodiac Aerospace). At constant scope, free cash flow amounting to 63% of recurring operating income
     
  • 2018 outlook raised for revenue, recurring operating income and
     
  • free cash flow (for Safran scope at January 1, 2018)

 

Consolidated data

  • Consolidated revenue was Euro 9,393 million
     
  • Consolidated recurring operating income at Euro 912 million
     
  • Consolidated profit from operations at Euro 886 million
     
  • Consolidated profit for the period attributable to owners of the parent at Euro 535 million
     
  • Free cash flow at Euro 820 million

 

To read the full results, click here