Safran : Road show feedback – Visibility, portfolio review and share buybacks
>Lower growth in Leap OE deliveries: positive mix but risk to the WCR - At a road show, the company indicated that Leap OE deliveries in FY 2024 are likely to come in at the lower end of the +20% to +25% growth range due to the difficulties at Boeing. In the short term, the consequences could be positive for Safran with an accretive impact on the margin and support for the CFM56 fleet (fewer withdrawals and more flying hours). But also because delivery of the durabili...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).
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.
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