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    SAF   FR0000073272

SAFRAN

(SAF)
  Report
Real-time Quote. Real-time Euronext Paris - 08/02 11:37:42 am
111.48 EUR   +1.07%
07/29SAFRAN : UBS reiterates its Buy rating
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07/29SAFRAN : Deutsche Bank gives a Neutral rating
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07/29SAFRAN : Barclays sticks Neutral
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Safran : and industriAll Europe reach a European agreement on the development of skills and safeguarding of career paths

06/18/2021 | 09:41am EDT

Paris - In a context marked by the health crisis and the acceleration of the digital and environmental transformation, particularly affecting the aeronautics sector, industriAll Europe and Safran have reached a European agreement which will allow jobs to be saved by means of the development of skills and safeguarding of career paths.

This agreement applies to all the employees of the Group in the European Union, Switzerland and the United Kingdom. It sets out common principles that act as a reference framework for all the companies in the Group, with the objective of developing and maintaining skills at the highest level, stimulating career development and guaranteeing employability for all.

It is based on the anticipation of skills needs, training and the support of professional mobility. The agreement fixes, for the first time, a quantitative objective for training. Finally, in case of difficulties which may have consequences for employment, measures for adjustment and support will be put in place in order to encourage the job retention of the employees.

The access to training for all and the transformation of the company into an enabling environment for the acquisition of new skills are identified as essential elements for the safeguarding of career paths. The agreement also underlines the importance of utilising slack periods to train employees. 'We are committed to supporting all our staff in Europe with training, especially regarding the two major issues for our professions that are digital transformation and energy transition', emphasised Stephane Dubois, Safran Group Director, Head of Human Resources and Social Responsibilities.

The signing of this agreement is a strong sign of the Group's willingness to guarantee the development of skills and safeguarding of career paths in a particularly uncertain environment, but it will have to prove itself at local level. 'This agreement contains ambitious provisions to improve the employability of all of Safran's staff and to support and safeguard their professional development. However, it must now be applied on the ground by local management and social partners. It is only at the level of its practical implementation on the ground that we will be able to appreciate the true added value of this agreement', added Isabelle Barthes, Deputy General Secretary of industriAll Europe.

The agreement is in line with the European Pact for Skills for Aerospace and Defence launched on 16 November 2020.

Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 79,000 employees and sales of 16.5 billion euros in 2020 and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmap. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.

For more information : www.safran-group.com / Follow @Safran on Twitter

IndustriAll Europe speaks for 7 million working men and women working across the supply chains of manufacturing, mining and energy sectors in Europe. Our aim is to protect and promote the rights of workers. Our European federation unites 180 trade union organisations in 38 European countries. Our aim is to be a powerful player on the European political stage before European companies, European industries, employers' associations and the European institutions.

For more information: info@industriall-europe.eu www.industriall-europe.eu

CONTACT US

Press

Catherine MALEK

+33 (0)1 40 60 80 28

catherine.malek@safrangroup.com

Isabelle JAVARY

+33 (0)1 40 60 82 20

isabelle.javary@safrangroup.com

Andrea Husen-Bradley

IndustriAll Europe

+32 (0)2 226 00 61

andrea.husen-bradley@industriall-europe.eu

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 15 665 M 18 604 M 18 604 M
Net income 2021 995 M 1 182 M 1 182 M
Net Debt 2021 1 941 M 2 305 M 2 305 M
P/E ratio 2021 48,8x
Yield 2021 0,94%
Capitalization 47 089 M 55 965 M 55 922 M
EV / Sales 2021 3,13x
EV / Sales 2022 2,59x
Nbr of Employees 78 900
Free-Float 81,5%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 110,30 €
Average target price 131,99 €
Spread / Average Target 19,7%
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Managers and Directors
Olivier Andriès Chief Executive Officer & Director
Bernard-Pierre Jacques Delpit Chief Financial Officer & Executive Vice President
Ross McInnes Chairman
Frédéric Verger Executive VP, Chief Digital & Information Officer
Eric Dalbies Senior VP-Research, Technology & Innovation
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