Safran SA (XPAR:SAF)

€ 212.5 0.2 (0.09%) Market Cap: 87.80 Bil Enterprise Value: 87.24 Bil PE Ratio: 25.90 PB Ratio: 7.47 GF Score: 80/100

Full Year 2020 Safran SA Earnings Call Transcript

Feb 25, 2021 / 01:30PM GMT

Release Date Price: €116.35 (-3.84%)

Transcript

Operator

Welcome to the Safran Full Year 2020 results. At this time, I would like to turn the conference over to your host, Olivier Andries, Safran's CEO; and Bernard Delpit, Deputy CEO and Group CFO. Mr. Andries, please go ahead.

Olivier Andries

Safran SA - CEO & Director

Good morning, everyone. I'm delighted to welcome you to Safran's 2020 earnings call. I'm joined by Bernard Delpit, our CFO. Being my first call as a CEO, I would like to take the opportunity to thank Philippe Petitcolin for everything he has done for Safran. As most of you know, I have worked closely with Philippe as head of Safran Aircraft Engines over the past few years, managing the ramp up of the LEAP engine as well as its cost solution.

Last year was particularly tough, as we all know. And we had to take some difficult decisions together with the whole management team. This has paid off, and it is thanks to these collective efforts that we are able to post such a robust performance for 2020. I want to pay tribute to the teams as we have been able to adapt swiftly and with no major

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