Apr 29, 2022 / 06:30AM GMT
Operator
Welcome to the Safran 2022 Revenue Conference Call. At this time, I would like to turn the conference over to your host, Olivier Andries, CEO; and Pascal Bantegnie, Group CFO. Mr. Andries, please go ahead.
Olivier Andries - Safran SA - CEO & Director
Good morning, everyone. I'm pleased to welcome you to the Safran Third Quarter 2022 call. I'm here with Pascal Bantegnie, our CFO.
I would first like to have a thought for all individuals impacted by the conflict in Ukraine. It reminds us more than ever that sovereignty is not a vague concept and defense activity is a key asset to protect peace and stability.
Let's go straight to Page 4 with a summary of our talking points. Air traffic recovery is still the #1 driver for our activity, as you know, with a very high level of volatility in China and a strong decline in Russia. Apart from these 2 countries, fundamentals are improving. China remains a key watch item for 2022.
In this context, revenue grew by 17% on an organic basis in Q1 2022 driven by all activities, notably services in
Q1 2022 Safran SA Corporate Sales Call Transcript
Apr 29, 2022
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