SAFRAN SA (FR:SAF) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Safran SA has reported a robust first semester in 2024 with a 19% surge in revenue to €13,047 million and a significant 41% increase in current operating income to €1,974 million, achieving an operational margin of over 15%. The growth has been largely fueled by the services for engines and aeronautical equipment, and a turnaround in Aircraft Interiors activities reaching operational break-even. Despite some supply chain challenges, CEO Olivier Andriès remains optimistic about meeting the financial targets for the year, though acknowledges pressure on cash flows.
For further insights into FR:SAF stock, check out TipRanks’ Stock Analysis page.
