Safran : Plus de confiance sur la trajectoire – OC relevé à 140 €
>Un lent démarrage de l’exercice… - Conformément à nos attentes, l’exercice 2021 a démarré très lentement avec un point bas certainement touché en février pour la plupart des divisions. Dans la Propulsion, la chute de l’après-vente civile est ressortie légèrement supérieure à nos attentes (-53.4% vs. -50%e) mais s’explique par une légère réduction du workscope que la société ne voit pas se poursuivre sur le reste de l’exercice (en ligne avec nos estimations). Equipeme...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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