Report
Olfa Taamallah ...
  • Yan Derocles

Safran : FY 2022 preview – set for upside on the aftermarket business?

>Upside on spare parts in Q4 2022? - Safran is due to report its 2022 earnings on 17 February. We forecast 34% growth in EBIT to € 2,427m (Visible Alpha consensus: € 2,418m) for sales growth of 15.5% at € 18,966m (VA consensus: € 18 969m), i.e. a margin of 12.8%. As aircraft interiors remains penalised by persistent additional costs in development and seat production, the ramp-up comes mainly from: i/ the equipment division, thanks to a favourable mix (services), and;...
Underlying
Safran S.A.

Safran designs, develops and manufactures high technology electronics through three businesses: Aerospace, Defense and Security. Aerospace includes Aerospace Propulsion (propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters) and Aircraft Equipment (mechanical, hydromechanical and electromechanical equipment); Defense (optronic, avionic and electronic systems); and Security (biometric technologies for fingerprint, iris and face recognition, identity management products, access management and transaction security, including tomographic systems for detection of dangerous or illicit substances in baggage).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Olfa Taamallah

Yan Derocles

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