Safran SA (OTCPK:SAFRF)
$ 236.942 2.658 (1.13%) Market Cap: 100.88 Bil Enterprise Value: 97.43 Bil PE Ratio: 55.59 PB Ratio: 8.33 GF Score: 85/100

Q1 2019 Safran SA Corporate Sales Call Transcript

Apr 26, 2019 / 06:00AM GMT
Release Date Price: $139.19
Operator

Welcome to the Safran Q1 2019 Revenue Conference Call. At this time, I would like to turn the conference over to your host, Philippe Petitcolin, Safran's CEO; and Bernard Delpit, Group CFO. Mr. Petitcolin, please go ahead.

Philippe Petitcolin
Safran SA - CEO & Director

Thank you very much. Good morning to all of you. On today's call, we will discuss the business highlights and the revenue for Q1 2019. The press release and the presentations, as you know, are available on our website.

To sum up the highlights, I would say first that Safran got off to a very strong start of the year with a broad-based organic growth of 12.6% in Q1 2019. Second, I would say that the strong organic momentum positions Safran ahead of its 2019 outlook. We believe we are really well ahead of the outlook for the beginning of the year. And third, Safran stands behind its customers and monitors very closely the announcements regarding the 737 MAX to adapt if it's necessary. I'm sure that we will have the opportunity to address these 3 points during the Q&A session.

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