February 14, 2025 08:38 GMT
CAPITAL GOODS: Safran (SAFFP NR/A-/NR): 4Q Results
CAPITAL GOODS
Credit neutral.
- Safran reported revenue 1% ahead of consensus.
- 2H adj. EBIT missed by 2%.
- 2H FCF of €3.2bn was a touch ahead of €3bn expected. It had a net cash position of €1.7bn, with net leverage at (0.3)x.
- Updated outlook has recurring EBIT and FCF fractionally increased from the recent CMD.
- Webcast replay https://www.safran-group.com/calendar/fy-2024-results.
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