France’s Safran hiked its annual forecasts and extended the mandate of its chief executive to the end of next year, as the world’s second-largest aircraft parts supplier reported stronger-than-expected first-half profits. The maker of aircraft engines and components such as landing gear said first-half recurring operating income rose 36% to 1.883 billion euros ($2.10 billion) while revenue increased 27% to 12.102 billion euros, reflecting higher margins across three reorganised divisions. Safran, which co-produces engines for Boeing jets including the grounded 737 MAX, expects its adjusted recurring operating income to grow “comfortably above 20%”.

source https://finance.yahoo.com/news/1-safran-raises-annual-forecasts-055918379.html?.tsrc=rss