Safran's India unit expects a nearly 70% revenue boost in 2025 from its defence and space business, fuelled by its work on India's human spaceflight mission Gaganyaan and rising private-sector contracts, top executives told Reuters on Wednesday.
Safran SA's stock has declined 5% since September, but it remains a strong buy due to its involvement in major aircraft programs and future growth potential. Opportunities include higher production rates for Boeing 737 MAX and Airbus A320neo, better cost amortization, and increased shipset value from Collins Aerospace. Risks involve aerospace supply chain issues, inflation, approval delays for a $1.8 billion acquisition, and challenges in the seat business from the Zodiac Aerospace acquisition.
Over the weekend and after GE Aerospace stock dipped following an update from key partner, Bernstein analyst Douglas Harned reiterated his Buy-rating and $225 price target for shares.
Pascal Bantegnie, chief financial officer at Safran, discusses the company's future outlook, demand in the aerospace market and reviews European defense policy.
The fall of the French government has created political and economic uncertainty that can sap investor confidence, the head of partially state-owned Safran said on Thursday.
Safran anticipates further sales and profit growth next year and said it intends to return about 70% of its cash generation to shareholders from 2025 to 2028.
French jet engine maker Safran is targeting high single-digit percent annual revenue growth and a sharply higher profit by 2028, it said on Thursday ahead of its investor day event in Paris.
Safran has appointed Stephane Cueille as CEO of its Aircraft Engines unit, replacing Jean-Paul Alary effective in the first few months of 2025, the French jet engine maker said on Wednesday.
French jet engine maker Safran announced plans on Tuesday to invest more than 1 billion euros ($1.08 billion) and hire 4,000 people worldwide to "radically scale up" its global engine repair network.
Safran SA (OTCPK:SAFRF) Q3 2024 Earnings Conference Call October 25, 2024 2:30 AM ET Company Participants Olivier Andriès - Chief Executive Officer Pascal Bantegnie - Chief Financial Officer Conference Call Participants Aymeric Poulain - Kepler Cheuvreux Ian Douglas-Pennant - UBS George Zhao - Bernstein Olivier Brochet - Redburn Atlantic Chloe Lemaire - Jefferies Ken Herbert - RBC Capital Markets Ben Heelan - Bank of America Christophe Menard - Deutsche Bank David Perry - JPMorgan Herve Drouet - CIC Market Solutions Operator Welcome to the Safran Third Quarter 2024 Revenue. At this time, I would like to turn the conference over to your host, Olivier Andriès, Safran's CEO; and Pascal Bantegnie, Group CFO.
French jet engine maker Safran trimmed its revenue forecast for the year but nudged its profit goal higher after supply bottlenecks delayed deliveries of LEAP engines.
Richard Safran, Seaport Research Partners aerospace and defense analyst, joins 'Power Lunch' to discuss Boeing's stock outlook.