Safran : Slight upward revision of FY 2024 EBIT guidance (expected), but reiteration of FCF target is a relief
>Q3 2024 sales bang in line with consensus estimates - Q3 2024 sales came out bang in line with consensus expectations at € 6,639m (ODDO BHF: € 6,621m; company compiled css: € 6,634m), showing a 13.8% l-f-l increase. In details, i/ Propulsion sales were up 9.2% l-f-l to € 3, 339m thanks to a solid civil aftermarket growth of 20.5% (vs 19% expected) still driven by Leap service activities and to a lesser extent to spare parts for CFM56 and high thrust engines bene...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.