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Safran Shares Drop 10% as Quarterly Organic Sales Climb 13.4%

Third-quarter sales totaled €9 billion ($10.1 billion), in line with analyst consensus, while organic sales rose 13.4% year over year.

A turbofan engine rests on an assembly stand under factory lights / TokenPost.ai
A turbofan engine rests on an assembly stand under factory lights / TokenPost.ai

Safran shares fell 10% in European trading Friday despite higher quarterly sales and reaffirmed full-year guidance, as its engine business led growth in the quarter.

Third-quarter sales totaled €9 billion ($10.1 billion), in line with analyst consensus. Organic sales rose 13.4% year over year.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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