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S SAFRAN PRESS RELEASE Q3 2021 sales : good sequential improvement leading to confirmation of full year guidance Paris , October 29 , 2021 Q3 2021 revenue improved both year - on - year and sequentially driven by the recovery in services across all businesses Civil aftermarket up 24 % versus Q2 2021 and 44 % year - on - year Latest air traffic trends support a further improvement in the 4th quarter FY 2021 outlook confirmed for sales and profitability . Free cash flow target raised further thanks to additional advance payments Adjusted data Q3 revenue at Euro 3,734 million , up 10.4 % year - on - year and up 5.7 % sequentially 9M revenue at Euro 10,610 million , down ( 12.7 ) % year - on - year on a reported basis and down ( 9.3 ) % on an organic basis Consolidated data Revenue was Euro 3,719 million in Q3 2021 Revenue was Euro 10,488 million for 9M 2021 Foreword All figures in this press release represent adjusted [ 1 ] data , except where noted . Please refer to the definitions and reconciliation between 9M 2021 consolidated income statement and adjusted income statement . Please refer to the definitions contained in the Notes on page 8 of this press statement . Organic variations exclude changes in scope and currency impacts for the period . Executive commentary CEO Olivier Andriès commented : " Safran's third - quarter revenue confirms that the recovery is gaining strength month after month , which makes us optimistic for the future . We are efficiently managing the business recovery in terms of costs , supply chain and inventories which will enable Safran to emerge stronger from this crisis . We are therefore very confident about our revenue and profitability outlook for 2021 , and even more positive about the free cash flow target , which is much better than anticipated . All teams are currently working on the Capital Markets Day and look forward to sharing Safran's exciting outlook . " 1