Safran Group reports double digit profit growth in 2011

Safran Group revenue up 9% - adjusted financial highlights for 12 months ended 31-Dec-2011:

• Revenue: EUR11,736 million, +9.1% year-on-year;
  • Aerospace propulsion: EUR6110 million, +9.0%;
  • Aerospace equipment: EUR3097 million, +9.3%;
• Profit from operations: EUR1160 million, +34.1%;
• Profit before tax: EUR955 million, +35.3%;
• Net profit: EUR644 million, +26.8%;
• Total assets: EUR20,702 million, +11.2%;
• Cash and cash equipments: EUR1431 million, -30.6%;
• Total liabilities: EUR15,580 million, +12.0%. [more - Original PR]

Safran Group: "In what is likely to remain an unstable environment, we are confident we are on track for further solid earnings growth in 2012 and in future years while resolutely investing in technology and breakthrough products on the long term," Jean-Paul Herteman, CEO. Source: Safran Group, 23-Feb-2012.