Apr 26, 2023 / 06:30AM GMT
Olivier Andries - Safran SA - CEO & Director
Good morning, everyone. I am pleased to welcome you to Safran's First Quarter 2023 call, and I am here with our CFO, Pascal Bantegnie.
Let us go straight to Page 4 with a summary of our talking points. Air traffic recovery continues in the narrowbody segment, narrowbody ASK and CFM flight cycles are back to their pre-COVID level in Q1 2023. Revenue growth is solid, up by 25% on an organic basis, driven by all activities, notably services in all divisions and LEAP deliveries. Asset portfolio management is moving on. Closing for Aubert & Duval is expected this Friday and will contribute under the equity accounting methods to Propulsion division from May onwards. Q1 trends are strong. Growth rate is in line with our full year outlook. We can, therefore, reaffirm our guidance.
I'm now on Slide 5. Narrowbody ASK are back to pre-COVID levels for the first quarter of 2023, fired by the recovery in China with the lift of travel restriction mid-December 2022. CFM cycles are also back to their 2019 level and even already above this level in
Q1 2023 Safran SA Corporate Sales Call Transcript
Feb 14, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers