Safran Group had a turnover of 15.7 billion Euros, up 1.6% on the previous year and posted a net profit of 1.8 billion Euros. The Group announced annual results on Friday 24th February at its headquarters in Paris.
So all is well for the French group, which is involved in a number of civil, military and space programmes. For Safran's propulsion systems (the group's largest activity with a turnover of €9.4 bn last year) 2016 was marked by the delivery of the first LEAP series engines, accompanied by a rise in the pace of production for these new generation engines.
On the employment front, Safran Group recruited new staff at the same pace as other staff retired, ensuring a mix of generations and stabilising its workforce, accounting for 7,000 staff in total.
The trend will continue this year. The Group expects to recruit 4,200 employees. The new posts mainly concern mechanical engineering design, metal work, non-destructive testing as well as posts like engineering systems and software and materials and methods. The equipment manufacturer currently employs a total of over 66,000 staff around the world.