2020, a year of great uncertainty for Safran. The French engine manufacturer is organizing to minimize the impact of the 737 Max crisis, which has been banned from flying since March 2019 after two deadly crashes. Safran supplies it with the Leap engine, as part of CFM International, its joint venture with General Electric (GE). He must also prepare for a possible impact of the coronavirus on its activity. For the time being, its Chinese factories have returned to work and the impact is limited.
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In this context, Safran estimates that its turnover should evolve " between 0 and -5% " in 2020 after an increase of 17.1%, to 24.6 billion euros in 2019. Thanks to the adaptation measures , " Adjusted current operating income should increase by 5% in 2020 ", specifies Philippe Petitcolin, CEO of Safran. This year, cash generation should return to the green. In 2019, the immobilization of the Max had a negative impact of 700 million on cash.
CFM has reached an agreement with Boeing on
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