Safran Group revenue shrinks in 2009, outlook strong for 2H2010 – Suppliers Share Wrap
Safran Group’s headline revenue grew 1.5% in 2009, to EUR10.45 billion, which was a “strong performance… in an unsettled civil aerospace environment”, according to CEO, Jean-Paul Herteman. However, organic revenue growth actually fell 2.9%, as the company benefited from a EUR255 million currency hedging gain and a EUR206 million boost from new acquisitions and consolidation of new activities.
