Safran has reported adjusted revenue of Euro 21,050 million for FY 2018, an increase of 32.0% on a reported basis, including a ten-month contribution of Euro 3,799 million from Zodiac Aerospace and Euro (338) million of currency impacts. On an organic basis, adjusted revenue grew 10.4%.
Adjusted recurring operating income was Euro 3,023 million (14.4% of revenue), an increase of 37.9% on a reported basis compared to Euro 2,192 million (13.7% of revenue) in FY 2017. FY 2018 adjusted recurring operating income included a ten-month contribution from Zodiac Aerospace amounting to Euro 290 million. Excluding Zodiac Aerospace, adjusted recurring operating income grew 24.7%.
Adjusted net income – Group share was Euro 1,981 million (basic adjusted EPS of Euro 4.60 and diluted adjusted EPS of Euro 4.54). In 2017, adjusted net income – Group share amounted to Euro 2,393 million comprising Euro 1,563 million of net income from continuing operations and Euro 830 million of net income from disposal gains.
FY 2018 civil aftermarket] was up 12.2% in USD terms driven notably by spare parts sales for second generation CFM56 engines.
