Safran announced strong H1 figures. However, management’s slight reduction in aftermarket growth guidance to the lower end of the 7-9% range certainly impacted the share price negatively despite guidance having been confirmed. Headline numbers: Adjusted revenue was €8.93bn, up 6.5% on an organic basis, driven primarily by growth in Aerospace services and in the Security segment. Adjusted recurring operating income was up 11.8% to €1.3bn, or a group margin of 14.6%, thanks to t
02 Aug 2016
Cautiousness in the aftermarket?
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Cautiousness in the aftermarket?
Safran SA (SAF:WBO) | 0 0 1.4% | Mkt Cap: 37,132m
- Published:
02 Aug 2016 -
Author:
Thomas Picherit -
Pages:
3
Safran announced strong H1 figures. However, management’s slight reduction in aftermarket growth guidance to the lower end of the 7-9% range certainly impacted the share price negatively despite guidance having been confirmed. Headline numbers: Adjusted revenue was €8.93bn, up 6.5% on an organic basis, driven primarily by growth in Aerospace services and in the Security segment. Adjusted recurring operating income was up 11.8% to €1.3bn, or a group margin of 14.6%, thanks to t