Safran books fiscal year revenue increase, maintains positive outlook for 2024

February 16th 2024

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Safran recorded a healthy revenue and recurring operating income in 2023 and said it expected the good news to continue in 2024. Read More » Full-year recurring operating income improved to 3.166 billion euros (US$3.4 billion) and revenue was higher by 22%, at 23.199 billion euros. “Safran delivered outstanding results. meeting or exceeding guidance, with revenues up 22%, recurring operating income higher by 31%, and free cash flow generation above expectations. This excellent performance was notably driven by the continued recovery of the commercial aftermarket,” Safran CEO, Olivier Andriès, said. In 2024, the European OEM forecasts revenue of around 27.4 billion euros, recurring operating income close to 4 billion euros and free cash flow of around 3 billion euros.