Safran publishes Q1 2017 results
Safran published its first quarter results on April 25, 2017, including sales on continuing operations of 3.98 billion euros, an increase of 5.5% on an organic basis.
Aircraft propulsion revenues grew 5.2%, due to the good performance of the service business for both commercial and military engines, as well as sales of military engines for new aircraft, including the M88 for the Rafale fighter and the TP400 turboprop engine for the Airbus A400M military transport.
Safran announces sale of Morpho Detection LLC.
After receiving all required regulatory authorizations, Safran announced today that it has finalized the sale of its American subsidiary Morpho Detection, along with its other detection businesses. The acquirer is Smiths Group plc of Britain.
Based in California, Morpho Detection offers solutions for detecting and identifying explosives, biological, chemical, radiological and nuclear threats as well as other illicit items to improve security at airports, borders, and sensitive sites and events.
2016 Safran Registration Document now available
Safran has just published its 2016 Registration Document. It was filed with the French market authority AMF (Autorité des marchés financiers) under the number D.17-0275. This document is designed to provide information to anyone interested in the Group's legal, economic, financial and accounting situation.
Safran announces 2016 results
Safran recorded 2016 sales of 15.8 billion euros, an increase of 1.6% over the previous year. It posted organic growth of 3.9%. Recurring operating income rose 5.4% and net income jumped 21.7% over 2015, reaching 1.8 billion euros.