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Safran SA Upgrades FY 2013 Revenue and Adjusted Recurring Operating Income Guidance in Line with Analysts' Estimates


Friday, 26 Jul 2013 02:00am EDT 

Safran SA announced that its fiscal year 2013 revenue outlook is upgraded further to first-half 2013 revenue dynamics. Revenue for fiscal year 2013 is to increase by approximately 7% at an estimated average rate of USD 1.29 to EUR 1. Adjusted recurring operating income for fiscal year 2013 is to increase by approximately 20% at a hedged rate of USD 1.28 to the Euro. The Company reported fiscal year 2012 a revenue of EUR 13,560 million and an adjusted recurring operating income of EUR 1,471 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 a revenue of EUR 14,633.27 million, what reflects a growth of 7.91%; and an adjusted recurring operating income of EUR 1,772.29 million, what reflects a growth of 20.48%. 

Company Quote

47.43
0.435 +0.93%
21 Aug 2014