World
France's Safran sees gradual recovery after crisis-hit 2020
- The world's third largest aerospace contractor said 2020 recurring operating income fell 56% to 1.686 billion euros ($2.1 billion) as revenue fell 33% to 16.498 billion.
- For 2021, Safran expected the key profitability gauge to recover by more than 100 basis points, with the recovery kicking in starting from the third quarter.