Safran : Tight control of costs as a support
>A tight rein on costs underpins 2020 annual guidance - Safran has once again demonstrated its capacity to keep a tight rein on its cost base with full-year targets already exceeded (even though the company maintains its cost-cutting target of around € 2bn), especially in terms of capex and R&D. We think that these leads on its targets provide a cushion for reaching 2020 guidance in the event of a shift in trend over the last two quarters of the current financial yea...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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