Safran closes H1, 2023 with an adjusted revenue of €10,945 million, raises full-year outlook

Safran reported a revenue of €10,945 million with a free cash flow of €1,463 million and recurring operating income €1,397 million as per the adjusted data in the first half (H1) of 2023. The revenue increased by 27.9% compared to H1 2022. On an organic basis, H1 2023 revenue increased by 25.9% Safran reported a steady increase in the global narrowbody capacity at 102% on average of 2019 with Q2 2023 at 104% of Q2 2019. Commenting on the results, Olivier Andriès, chief executive, Safran said: “Since the start of this year, many new orders have been announced and narrowbody