Buy
Sell
Share Name Share Symbol Market Type
Safran SA EU:SAF Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.44 -0.46% 95.57 95.56 95.58 98.31 95.57 98.15 149,214 12:35:22

Safran Sees Income Margin, Revenue Growth Through 2025

02/12/2021 8:12am

Dow Jones News


Safran (EU:SAF)
Historical Stock Chart


From Nov 2021 to May 2022

Click Here for more Safran Charts.
   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

December 02, 2021 02:57 ET (07:57 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Safran Chart

1 Year Safran Chart

1 Month Safran Chart

1 Month Safran Chart
ADVFN Advertorial
Your Recent History
EU
SAF
Safran
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220523 11:50:29