Safran released rather weak Q3 revenues, decreasing to €3.52bn vs €3.67bn a year earlier, representing a 4.1% decrease (-0.8% on a comparable basis). The Propulsion (-2.3% organically) and Defence (-4.5% org.) divisions suffered the most, while Aircraft Equipment saw its revenues increase organically by 3% yoy. The important change of perimeter was due to the spatial launchers no longer being consolidated which represented a €110m revenue in Q3 15.
25 Oct 2016
A small one-off decrease but no shuddering of FY guidance
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A small one-off decrease but no shuddering of FY guidance
Safran SA (SAF:WBO) | 0 0 1.4% | Mkt Cap: 37,132m
- Published:
25 Oct 2016 -
Author:
Lionel Pellicer -
Pages:
2
Safran released rather weak Q3 revenues, decreasing to €3.52bn vs €3.67bn a year earlier, representing a 4.1% decrease (-0.8% on a comparable basis). The Propulsion (-2.3% organically) and Defence (-4.5% org.) divisions suffered the most, while Aircraft Equipment saw its revenues increase organically by 3% yoy. The important change of perimeter was due to the spatial launchers no longer being consolidated which represented a €110m revenue in Q3 15.