"Economic Essentials: Stay Up-To-Date with Safran's Growth and Orange's Turnover"

2023-04-30 10:19:16

THE ESSENTIALS OF THE ECONOMY Every day, find selected information from a world in full transformation.

L’INFO Safran records strong growth thanks to the recovery in air traffic | The motorist Safran recorded a 29.4% increase in revenue in the first quarter of 2023, thanks to the resumption of global air traffic and an strong demand spare parts for civil aircraft engines. The sales of LEAP engines increased by 53% over one year and the “propulsion” activity saw its sales jump by 39.8%. Supply chain difficulties remain a concern for the company, which plans to complete the acquisition Aubert et Duval at the end of the week. The “equipment and defence” activity increased by 14.6% and that of “Aircraft interiors” by 42.8%.

The Safran group still propelled by the return of world air traffic in the 1st quarter @CFM_engines @SAFRAN #Aeronautics #Aviation https://t.co/L30Z5im6Cu pic.twitter.com/wIyt76jeTp

— Journal Aviation (@journalaviation) April 26, 2023

THE NUMBER OF THE DAY €10.62 billion | Orange recorded a slight increase of 1.3% in its turnover in the first quarter, reaching €10.62 billion. THE tariff increases in Europe and the area Africa et Middle East were the main drivers of growth. The gross operating surplus after rents (Ebitdaal) increased by 0.5%, reaching 2.59 billion euros. Orange confirms its objectives for 2023, namely a slight increase in Ebitdaal and an organic cash flow of at least 3.5 billion euros. Revenues, however, fell 1.8% in France, while sales in Europe jumped 3.8%. The turnover of the branch dedicated to companies, Orange Business, is down slightly by 0.7% and plans to cut around 670 jobs in France. On the other hand, the turnover of Totem, the European company of Orange, grew by 8.1%. Finally, the subsidiary Orange Bank had 3.1 million customers at the end of March 2023, but its future is the subject of a strategic reflection process.