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Safran SA
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== Financials == === Historic === ==== Most recent year ==== In fiscal year 2022, Safran reported a significant increase in revenue, reaching β¬19.52 billion, which represents a remarkable growth of approximately 29% compared to the previous year's revenue of β¬15.13 billion. However, despite the revenue surge, the company also incurred a net loss of β¬2.46 billion during the same period. ==== Previous Four Years ==== Over the past four years, Safran's revenue has fluctuated, starting at $25.1 billion in 2019 and reaching $19.52 billion in 2022. During this period, the net income varied significantly, from $2.45 billion to a loss of $2.46 billion. These fluctuations reflect the challenges and changes in the aerospace industry. ==== Financial Performance Analysis ==== Safran has experienced a downturn in its financial performance over the last few years, and several factors may have contributed to this decline. [[File:Safran metrics.png|center|thumb|500x500px|Safran Financial Performance Summary (2019-2022)]] The first significant cause contributing to Safran's recent poor results is the Covid-19 pandemic, which led to a drastic shutdown in air traffic. As international travel and aviation activities were severely restricted, demand for aircraft engines and related products declined substantially, affecting Safran's revenue and profitability. Another factor impacting Safran's financials is the increase in costs, particularly in raw materials. The rising costs of essential inputs for their manufacturing processes put pressure on their profit margins, making it challenging to maintain previous levels of profitability. Additionally, currency fluctuations between the euro and the US dollar have played a role in the company's adverse results. Safran operates in a global market and conducts business in multiple currencies. Fluctuations in exchange rates can lead to uncertain revenues and costs, making financial planning and forecasting more challenging. It's worth noting that these challenges are not unique to Safran alone, as the aerospace industry, like many others, has been significantly affected by the global economic disruptions caused by the pandemic.
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