French aerospace, defence and security company Safran reported Thursday the 2011 results, showing a strong progress over the previous year.
The adjusted recurring operating income is at Euro 1,189 million (10.1% of revenue) at a hedged rate of USD1.37 to the Euro, up 35% year-on-year. The adjusted net income is up 27% from FY 2010 at Euro 644 million (Euro 1.59 per share). A dividend payment of Euro 0.62 per share will be proposed to the shareholders’ vote at the next Annual General Meeting on May 31, 2012. Safran expects revenue to increase in 2012 by around 10% and recurring operating income by around 20%.
2011 has been exceptional even for CFM (the joint-venture between Safran and General Electric) with USD 52 billion in orders and commitments at list price (record of twice the previous one): 1,500 CFM56 engine orders and 3,056 LEAP orders/commitments.
“We are investing in new products and technology, expanding our growth market footprint and consolidating our worldwide leadership in next-generation single aisle aircraft market” Chairman and CEO Jean-Paul Herteman commented.
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