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    SAF   FR0000073272

SAFRAN

(SAF)
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Real-time Euronext Paris  -  05/24 07:13:41 am EDT
94.12 EUR   -2.09%
05:28aSAFRAN : Aircraft Engines Guiyang celebrates important milestones - 7 years without an accident and 77 months with 100% OTD
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Safran Sees Income Margin, Revenue Growth Through 2025

12/02/2021 | 02:57am EDT

By Olivia Bugault

Safran SA said Thursday ahead of its capital markets day starting later today that it expects profit margin and revenue to grow through 2025, while it also disclosed other mid-term targets.

The French defense-and-aerospace company said it expects its recurring operating income margin to reach 16% to 18% by 2025. The target would represent "more than 5 points margin expansion from 2021, mainly driven by growth in services across all divisions," it said. Its propulsion division is expected to have the highest margin, with an expected recurring operating margin of more than 20% by 2025.

Meanwhile, Safran expects its organic revenue growth to reach at least 10% at a compound annual growth rate from 2021 to 2025, with civil aftermarket activities growing around 15%, it said.

It also said that in 2023, it expects to resume its "historical practice" of distributing 40% of its earnings to shareholders through dividend, and that the board of directors will review this dividend practice beyond 2023.

"A portfolio review, conducted after three years of experience since their acquisition, concluded that 70% of the former Zodiac Aerospace businesses are core and 30% under assessment," Safran said. Safran acquired Zodiac Aerospace in 2018.

Further divestments and bolt-on acquisitions are also considered after the portfolio review, it said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

12-02-21 0257ET

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Analyst Recommendations on SAFRAN
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Financials
Sales 2022 18 303 M 19 559 M 19 559 M
Net income 2022 1 451 M 1 550 M 1 550 M
Net cash 2022 249 M 266 M 266 M
P/E ratio 2022 28,0x
Yield 2022 1,56%
Capitalization 41 027 M 43 842 M 43 842 M
EV / Sales 2022 2,23x
EV / Sales 2023 1,86x
Nbr of Employees 77 008
Free-Float 81,3%
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Technical analysis trends SAFRAN
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 96,13 €
Average target price 128,32 €
Spread / Average Target 33,5%
EPS Revisions
Managers and Directors
Olivier Andriès Chief Executive Officer & Director
Pascal Joel Jacky Bantegnie Group Treasurer
Ross McInnes Chairman
Frédéric Verger Chief Digital & Information Officer, Executive VP
Eric Dalbies Senior VP-Research, Technology & Innovation
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