Safran SA (XPAR:SAF)

€ 212.5 0.2 (0.09%) Market Cap: 87.72 Bil Enterprise Value: 87.15 Bil PE Ratio: 25.90 PB Ratio: 7.47 GF Score: 80/100

Q3 2020 Safran SA Corporate Sales Call Transcript

Oct 30, 2020 / 07:30AM GMT

Release Date Price: €90.52 (+3.38%)

Transcript

Operator

Welcome to the Safran Q3 2020 Revenue Conference Call.

At this time, I would like to turn the conference over to your hosts, Philippe Petitcolin, Safran CEO; and Bernard Delpit, Group CFO.

Mr. Petitcolin, please go ahead.

Philippe Petitcolin

Safran SA - CEO & Director

Thank you very much. And good morning, everyone. I thank you for joining us to this Q3 2020 revenue conference. First and more important, I hope that you are all safe and healthy.

I will start the presentation with the Q3 business highlights, then I will talk about our recent air traffic trends and the impact on our activities. And I will end with an update on where we stand on our path to adapt Safran to this ongoing crisis. Afterwards, Bernard will go more in details on our financials. And I will conclude the presentation with our 2020 outlook.

I'm now on Slide #5. In Q3, the activity is a bit better than in Q2, but we are still working at levels that are very low compared to 2019. Revenues at EUR 3.382 billion was down 42% on an organic basis compared

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