France's Safran braces for 737 MAX fallout after beating 2019 forecasts
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PARIS (Reuters) - France's Safran posted a faster-than-expected rise in 2019 core profit led by jet engine spare parts, but warned of flat-to-lower 2020 revenues as it counts the cost of Boeing's 737 MAX grounding crisis.Safran, which is the world's second-largest aerospace supplier, said operating profit rose 24.6% on a like-for-like basis to 3.82 billion euros (3.22 billion pounds) while revenues rose by an underlying 9.3% to 24.64 billion.Analysts on average expected 2019 operating income..