Safran Group net profit up 29% in 2010

Safran Group revenue up 3% - financial highlights in 2010:

• Revenue: EUR10,760 million, +3.0% year-on-year;
  • Aerospace propulsion: EUR5604 million, -1.2%;
  • Aircraft equipment: EUR2834 million, +2.4%;
• Operating profit: EUR865 million, +24.6%;
• Recurring operating profit: EUR878 million, +20%;
  • Aerospace propulsion: EUR663 million, +5.6%;
  • Aircraft equipment: EUR127 million, +74%;
• Net profit: EUR508 million, +29%;
• Total assets: EUR18,511 million, +1.9%;
• Total liabilities: EUR13,806, +1.0%. [more]

Safran Group: "2011 should be another promising and significant step on our way to deliver a 2-digit recurring operating margin as early as 2012. This operating performance should be supported by more favourable hedge rates in 2011-2014, the specific growth potential of the services for our later generation aviation products and of our security businesses, in addition to the expected global growth in original aerospace equipment businesses," Company statement. Source: Safran Group, 24-Feb-2011.