Safran beats forecasts but accounting switch weighs on shares

By Tim Hepher and Jean-Michel BelotPARIS (Reuters) - France's Safran predicted 7-10 percent growth in core income this year and announced a share buyback as it unveiled higher-than-expected sales and profits, with strong demand for aircraft equipment offsetting a dip in 2017 engine profits.

However, several analysts said the impact of a switch to IFRS15 accounting standards from this year was more severe than expected, causing Safran's shares to fall around 2 percent.The maker of engines, landing gear and optronics also extended Philippe Petitcolin's.....

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