Safran 2021 Adj. Recurring Operating Income Rises; Revenue Down 5.4% Organically

Safran (SAF.PA, 0IU8.L, SAFRF.PK) reported 2021 adjusted recurring operating income of 1.80 billion euros, an increase of 7.1% compared to 2020, or up 8.4% organic driven by continued operational improvements and contained R&D expenses. Recurring operating margin improved by 160 bps at 11.8% of sales.

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