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Safran: raises its annual growth target.

(CercleFinance.com) - Safran has raised its outlook for adjusted revenue for FY 2017, expecting growth of over 3% (vs.
+2% to 3% previously).

Excluding ArianeGroup, integrated under the equity method, this should exceed the previous range of 2% to 4%.

The high-tech group has announced adjusted Q3 2017 revenue of 3,815 million euros, up 8.5% y-o-y, including organic growth of 11.3%.

The group has stated that its civil engine services business grew by 14.5% in dollars compared to 2016, mainly driven by services and spare parts for CFM56 engines.

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