Report
Olfa Taamallah ...
  • Yan Derocles

Safran : Prix, FX, rachat d’actions… de bonnes nouvelles pas encore intégrées

>Des éléments cachés qui minimisent la performance du S1 2022 - Si à 1 047 M€, l’EBIT publié au S1 2022 a battu les attentes du consensus de 8.8%, un regard vers l’EBITDA démontre selon nous plus clairement la performance réalisée car le semestre a subi une augmentation de 58% des dépréciations par rapport au S1 2021. La marge d’EBITDA ressort ainsi à 19.1%, soit d’ores et déjà un retour sur le niveau du S1 2018 (-10% en valeur absolue toutefois) et seulement à 100 p...
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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