Full Year 2021 Safran SA Earnings Call Transcript
So we welcome to the Safran Full Year 2021 Results. At this time, I would like to turn the conference over to your hosts, Olivier Andries, Safran's CEO; and Pascal Bantegnie, Group CFO. Mr. Andries, please go ahead.
Good morning, everyone, and thank you for all of us -- to all of you for spending some time with us this morning in spite of, let's say, a very loaded actuality. I'm pleased to welcome you to Safran's 2021 earnings. I'm here with Pascal Bantegnie, our CFO.
Let's go straight to Page 4 with the summary of our talking points today. Air traffic is holding well. We expect narrowbody air traffic to return to precrisis levels by the end of this year. We recorded solid profitability and free cash flow generation in 2021, exceeding our guidance. We are proposing to shareholders EUR 0.50 dividend for 2021. Like in 2020, we have retreated the net income from the support provided by the government, especially the French government, and the contribution made by our Safran employees.
I will update
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