Safran reported strong Q1 revenues beating consensus, coupled with in line ramp-up production of LEAP engines. Moreover, it confirmed the full-year guidance it gave at the FY16 presentation. The group benefited this quarter from a positive services momentum. Lastly, it remained evasive concerning Zodiac while reminding that it is not in a rush, while Zodiac will publish its H1 results on Friday, 28 April.
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LEAP up-thrust
Safran SA (SAF:WBO) | 0 0 1.4% | Mkt Cap: 37,132m
- Published:
26 Apr 2017 -
Author:
Marc Laubel -
Pages:
2
Safran reported strong Q1 revenues beating consensus, coupled with in line ramp-up production of LEAP engines. Moreover, it confirmed the full-year guidance it gave at the FY16 presentation. The group benefited this quarter from a positive services momentum. Lastly, it remained evasive concerning Zodiac while reminding that it is not in a rush, while Zodiac will publish its H1 results on Friday, 28 April.