Safran: adjusted sales up 36.9% in Q1

(CercleFinance.com) - Safran announces adjusted Q1 2019 sales of 5,781 million euros, up 36.
9%, including organic growth of 12.6%, thanks to sustained momentum at its propulsion, aerospace and defense equipment businesses.

Over the first three months of the year, its civil engine services business grew by 10.2% in dollar terms, largely driven by second-generation CFM56 engine parts sales.

Safran says that it is ahead of its 2019 outlook, with organic growth having been stepped up. In 2019 the group is closely monitoring the impact of the situation relating to the 737 MAX aircraft and will adjust its production plans if necessary.


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