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.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
+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.
Copyright (c) 2017 CercleFinance.com. All rights reserved.