This news release was originally published on Safran's website.

Paris, October 30, 2020

Covid-19

  • Pursuit of intensive efforts to reduce the cost base
  • Activity slightly improving in Q3 compared to Q2 2020
     

Adjusted data

  • Q3 revenue at Euro 3,382 million, down (44.5)% on a reported basis and down (42.0)% on an organic basis
  • 9M revenue at Euro 12,149 million down (33.2)% on a reported basis and down (33.4)% on an organic basis
  • 2020 outlook confirmed

 

Consolidated data

  • Consolidated revenue was Euro 3,380 million in Q3 2020
  • Consolidated revenue was Euro 12,282 million for 9M 2020

Foreword

  • All figures in this press release represent adjusted [1] data, except where noted. Please refer to the definitions and reconciliation between Q3 2020 and 9M 2020 consolidated revenue and adjusted revenue. Please refer to the definitions contained in the Notes on page 9 of this press statement;
  • Organic variations exclude changes in scope and currency impacts for the period.

 

Executive commentary

CEO Philippe Petitcolin commented:

“After a second quarter