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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Safran SA | EU:SAF | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.10 | 0.53% | 208.60 | 208.10 | 210.00 | 211.50 | 203.10 | 210.00 | 680,117 | 16:40:00 |
From Apr 2021 to Apr 2024
By Joshua Kirby
Safran SA said Wednesday that revenue and earnings fell in the first half, but it expects a better second half, and confirmed its 2021 outlook for sales and profitability.
The French aerospace-and-defense company said adjusted recurring operating income came to 659 million euros ($778.8 million) in the period, down 30% on year. Adjusted revenue came to EUR6.88 billion, down 22% from the previous year.
Net profit for the period was EUR674 million, Safran said.
For the full year, Safran confirmed its guidance on sales and profitability, entailing acceleration in the second half. Targets include a small organic decrease in adjusted revenue in the full year and an increased recurring operating margin in the second half. The company now also expects free cash flow to be above the previous year's level, having previously guided for it to be at least equal.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
July 28, 2021 13:11 ET (17:11 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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