Safran Group reports record results in 2012

Safran Group revenue up 16% - financial highlights for 12 months ended 31-Dec-2012:

• Revenue: EUR13,560 million, +15.5% year-on-year;
  • Aerospace propulsion: EUR7005 million, +14.6%;
  • Aircraft equipment: EUR3691 million, +19.2%;
• Operating profit: EUR1421 million, +22.5%;
• Segment operating profit: EUR1471 million, +23.7%;
  • Aerospace propulsion: EUR1099 million, +20.9%;
  • Aircraft equipment: EUR287 million, +42.1%;
• Net profit: EUR999 million, +55.1%;
• Total assets: EUR22,935 million, +10.8%;
• Cash and cash equivalents: EUR2193 million, +53.2%;
• Total liabilities: EUR15,580 million, -6.7%;
• 2013 forecast:
  • Revenue: +5%;
  • Adjusted recurring operating income to increase by a percentage in the mid-teens. [more - original PR]

Safran Group: "Overall, we are particularly confident we are on track for further solid earnings growth in 2013 and in future years while resolutely investing in technology and breakthrough products for the long term," Jean-Paul Herteman, chairman and CEO. Source: Company statement, 21-Feb-2013.