Safran: Q3 sales up 20.1%
(CercleFinance.com) - Aircraft equipment supplier Safran has reported Q3 2023 adjusted sales that are up 20.
1% at E5.82bn, with organic growth of 25.9%, bringing its YTD total to nearly E16.8bn.
Propulsion quarterly sales rose by 28.4%, driven by sustained business in civil engine services (+39% in dollars), thanks to strong demand for spare parts for CFM56 engines and the positive effects of higher tariffs.
Safran continues to benefit from a buoyant market. Its solid performance over the first nine months makes management confident in reaching its guidance for 2023, which was raised at the end of July.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
1% at E5.82bn, with organic growth of 25.9%, bringing its YTD total to nearly E16.8bn.
Propulsion quarterly sales rose by 28.4%, driven by sustained business in civil engine services (+39% in dollars), thanks to strong demand for spare parts for CFM56 engines and the positive effects of higher tariffs.
Safran continues to benefit from a buoyant market. Its solid performance over the first nine months makes management confident in reaching its guidance for 2023, which was raised at the end of July.
Copyright (c) 2023 CercleFinance.com. All rights reserved.