Safran SA (OTCPK:SAFRF)

$ 230.412 -6.53 (-2.76%) Market Cap: 98.10 Bil Enterprise Value: 99.98 Bil PE Ratio: 54.06 PB Ratio: 8.10 GF Score: 85/100

Half Year 2023 Safran SA Earnings Call Transcript

Jul 27, 2023 / 06:30AM GMT

Release Date Price: $162.57 (+0.98%)

Transcript

Operator

Welcome to the Safran Half Year 2023 Results.

At this time, I would like to turn the conference over to your hosts, Olivier Andries, Safran's CEO; and Pascal Bantegnie, Group CFO. Mr. Andries, please go ahead.

Olivier Andries

Safran SA - CEO & Director

Thank you. Good morning, everyone. I am pleased to welcome you to Safran's first half 2023 earnings call. I'm now with Pascal Bantegnie, our CFO.

Let us go straight to Page 4 with the summary of our talking points today. Air traffic recovery is continuing. Narrowbody ASK are now trending above 2019 level. The Paris Airshow has been a great success with a good commercial momentum for Safran with new orders and strategic agreement. We are posting an excellent financial performance in H1 in profits and cash, mostly driven by civil engines activity. Portfolio management is progressing well with the closing of Aubert & Duval acquisition, and divestment of Cargo and Catering in Q2. We are enthusiastic about the potential acquisition of Collins Aerospace flight control and actuation business

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