Safran: adjusted earnings dives 68% in 2020
(CercleFinance.com) - High-tech group Safran has announced a 68.
3% decline in adjusted net income, group share at 844 million euros, with an underlying operating margin of 10.2% (-5.3 points) on sales of 16.5 billion euros, down 33% (-32.5% on an organic basis).
A dividend of 0.43 per share will be submitted for approval at the group's AGM on 26 May, representing a payout ratio of 22% relative to annual EPS.
For 2021, Safran expects adjusted sales to decline by 2% to 4% in organic terms, with its underlying adjusted operating margin up by over 100 basis points, with free cash flow generation that is at least the same level as in 2020.
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3% decline in adjusted net income, group share at 844 million euros, with an underlying operating margin of 10.2% (-5.3 points) on sales of 16.5 billion euros, down 33% (-32.5% on an organic basis).
A dividend of 0.43 per share will be submitted for approval at the group's AGM on 26 May, representing a payout ratio of 22% relative to annual EPS.
For 2021, Safran expects adjusted sales to decline by 2% to 4% in organic terms, with its underlying adjusted operating margin up by over 100 basis points, with free cash flow generation that is at least the same level as in 2020.
Copyright (c) 2021 CercleFinance.com. All rights reserved.