Safran raises dividend 63% after sharp revenue and operating income increase in 2023

Jet engine manufacturer Safran reported a 22% increase in adjusted revenue for the full year of 2023, up from circa $20.40bn in 2022 to $24.98bn in 2023. Adjusted recurring operating income for the full year rose 31% from $2.59bn in 2022 to $3.41bn in 2023. The company increased its dividends from 1.35 euros ($1.46) per share to 2.20 euros (2.37) per share, marking a 63% increase. Shares were up 4.06% at 15:30 GMT on February 15, 2024, following the release of the financial performance results. Free cash flow went up 10% to $3.17bn in 2023. Safran CEO Olivier Andries said