Safran posted H1 20 results above consensus with, notably, a better than expected operational performance and good FCF generation. Management also gave new 2020 targets, broadly in line with the current Street expectations as regards revenues and recurring operating margin, while the statement about positive FCF generation in H2 was reassuring.
30 Jul 2020
Performing well in a depressed industry
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Performing well in a depressed industry
Safran SA (SAF:WBO) | 0 0 1.4% | Mkt Cap: 37,132m
- Published:
30 Jul 2020 -
Author:
Luis Pereira -
Pages:
3
Safran posted H1 20 results above consensus with, notably, a better than expected operational performance and good FCF generation. Management also gave new 2020 targets, broadly in line with the current Street expectations as regards revenues and recurring operating margin, while the statement about positive FCF generation in H2 was reassuring.