Safran SA revised revenue guidance for the full year of 2013. The company reported that its full-year 2013 revenue outlook is upgraded further to first quarter revenue dynamics and the integration of Goodrich Electrical Power Systems from April 1, 2013. The company expected adjusted revenue to increase by a percentage in the mid-to-high single digits.

Safran SA reported consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenues of €13,615 million, income from operations of €13,824 million, recurring operating income of €1,270 million, profit from operations of €1,214 million, profit before tax of €1,768 million, profit from continuing operations of €1,326 million or €3.13 per diluted share, profit attributable to owners of the parent of €1,302 million or €3.13 per diluted share compared to the revenues of €11,658 million, income from operations of €11,874 million, recurring operating income of €864 million, profit from operations of €835 million, profit before tax of €695 million, profit from continuing operations of €494 million or €1.17 per diluted share, profit attributable to owners of the parent of €478 million or €1.18 per diluted share for the previous year. Net cash from operating activities was €1,617 million compared to the €1,247 million for the previous year. Payments for the purchase of intangible assets, net of proceeds were €634 million compared to the €363 million for the previous year. Payments for the purchase of property, plant and equipment, net of proceeds was €419 million compared to the €352 million for the previous year. At December 31, 2012, capital expenditure commitments totaled €248 million versus €162 million at December 31, 2011. Net debt remained rather low at €932 million. The company’s forecast for 2013 is revenue growing by around 5%. Recurring operating income expected to increase in a percentage in the mid-teens, based on the hedge rate of U.S. dollar to $1.29. Free cash flow will represent about 40% of the recurring operating income despite the heavy investments. The Board of Directors will recommend payment of a dividend of €0.96 per share in respect of 2012, representing a total payout of €400 million. Taking account of the interim dividend already paid, the amount still to be distributed totals €271 million.

Safran SA is in initial discussions to acquire Avio S.p.A. Jean-Paul Herteman, Chief Executive Officer of Safran, said that it has begun exploratory discussions with Turin-based Avio before any formal negotiations. "The businesses complement each other well, and this could be an opportunity,” he added.