Safran : Preview S1 2020 – Une bonne résistance grâce à un T1 de qualité et une réactivité notable
>La Propulsion résiste - La rupture de tendance sur le T2 est violente mais nous tablons tout de même sur un EBIT S1 2020 de 837 M€ (-56%) pour un CA en recul de 30% en publié et de 32% en organique, soit une marge de 9.9% (-635 pb). Notons que des éléments exceptionnels tels que des charges de restructuration et des dépréciations d’actifs pourraient être comptabilisés dès le S1. SAF devrait également être en position de dévoiler une guidance pour l’ensemble de l’exer...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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