SAFRAN SA (FR:SAF) has released an update.
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.
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