Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

Safran : Le Max cape pour l’instant le potentiel du titre

>Un excellent S1 2019 à venir - En dehors du B737 Max, tous les voyants sont au vert. Nous tablons sur un excellent S1 2019 (publication le 5 septembre) avec une progression du résultat opérationnel de 26.9% à 1 759 M€ pour des ventes en croissance organique de 7.3% à 11 440 M€. Nous anticipons une poursuite des belles tendances visibles au T1 avec i/ une croissance de l’après-vente civile attendue à 10.6% dans la Propulsion qui permet de largement compenser le c...
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
Antoine Boivin-Champeaux

Yan Derocles

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