Safran reported another strong quarter, with Q3 sales up 9.8% organically. This solid performance was mainly attributable to Propulsion on higher sales of military engines (M88) and robust services (+9.2%). Safran remains on track to meets its full-year guidance, though the MAX is likely to remain grounded. Management confirmed its 2019 outlook, as expected, and refined its FCF conversion rate at 50% from “below 50%” previously.
31 Oct 2019
On track to meet its full-year targets
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On track to meet its full-year targets
Safran SA (SAF:WBO) | 0 0 1.4% | Mkt Cap: 37,132m
- Published:
31 Oct 2019 -
Author:
Luis Pereira -
Pages:
3
Safran reported another strong quarter, with Q3 sales up 9.8% organically. This solid performance was mainly attributable to Propulsion on higher sales of military engines (M88) and robust services (+9.2%). Safran remains on track to meets its full-year guidance, though the MAX is likely to remain grounded. Management confirmed its 2019 outlook, as expected, and refined its FCF conversion rate at 50% from “below 50%” previously.