Very strong Q3 15 adjusted revenues €4.14bn, up 15.4% year-on-year (organic basis, growth was 4.6%), driven notably by an increase in civil aftermarket revenue (up 18.5% in US$). The increase reflects growth in Aerospace (Propulsion up +14.2% and +5.7% organically, and Equipment up +15.6%, -0.6% organically), Security (up 28.8%, 17.7% organically) and Defence revenue (up 3.9%, -1.2% organically). On an operational basis, Safran highlighted that it was on track with the important LEAP-A (
22 Oct 2015
Very solid Q3 but no silver lining
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Very solid Q3 but no silver lining
Safran SA (SAF:WBO) | 0 0 1.4% | Mkt Cap: 37,132m
- Published:
22 Oct 2015 -
Author:
Thomas Picherit -
Pages:
2
Very strong Q3 15 adjusted revenues €4.14bn, up 15.4% year-on-year (organic basis, growth was 4.6%), driven notably by an increase in civil aftermarket revenue (up 18.5% in US$). The increase reflects growth in Aerospace (Propulsion up +14.2% and +5.7% organically, and Equipment up +15.6%, -0.6% organically), Security (up 28.8%, 17.7% organically) and Defence revenue (up 3.9%, -1.2% organically). On an operational basis, Safran highlighted that it was on track with the important LEAP-A (