- Adjusted revenue for Safran in the first quarter exceeded predicted estimates, reaching EU6.22 billion, a rise of 18% from the previous year.
- Propulsion revenue also saw an increase of 14% year on year to EU3.10 billion, albeit slightly below the estimate of EU3.12 billion.
- The Equipment and Defense sector also experienced a growth, with the revenue standing at EU2.44 billion, which is 24% more compared to last year. The estimate was EU2.37 billion.
- Despite the anticipations of reaching EU695.9 million, the Aircraft Interiors revenue rose to EU676 million, marking a 16% increase year over year.
- The organic adjusted revenue also registered an increase of 19.1%.
- LEAP engine deliveries marginally increased by 0.3% year on year to 367 units.
- On the downside, CFM56 engine’s deliveries faced a downfall of 20% to 12 units.
- In the forecast for the entire year, the adjusted revenue is expected to be around EU27.4 billion, slightly above the estimate of EU27.31 billion.
- The free cash flow is also forecasted to be close to EU3 billion, which is a bit higher than the estimated EU2.98 billion.
- Safran anticipates that the recurring operating income for FY24 will be in the vicinity of €4.0 billion.
A look at Safran SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Safran SA seems to have a positive long-term outlook. With high scores in Growth and Momentum, the company appears to be in a strong position to continue expanding and performing well in the future. The Growth score suggests that Safran SA has solid potential for expansion, while the Momentum score indicates that the company is currently experiencing strong market momentum.
Furthermore, Safran SA also shows resilience with a score of 4, which suggests that the company has the capability to withstand challenges and uncertainties. Although the Value and Dividend scores are lower, the high scores in Growth, Resilience, and Momentum hint at a promising future for the international tier-1 supplier in aerospace, defense, and security.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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