Safran reports strong 2018 performance

Safran has reported a 32% rise in revenue for 2018 to €21.050bn (which includes a contribution of €3.799bn from Zodiac Aerospace), revenue is 10.4% on an organic basis. Recurring operating income at €3.023bn (including a contribution of €290 million from Zodiac Aerospace), up 37.9% on a reported basis and up 24.7% excluding Zodiac Aerospace. Profit from operations was €2.165bn. Net debt position was €3.269bn as of December 31, 2018. Strong margin improvements were reported in Propulsion (from 16.2% to 18.5%), Aircraft Equipment (from 11.8% to 14.3%) and Defence (from 7.1% to 8.5%). Civil aftermarket revenue was up 12.2% in driven