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: 82/100

Safran SA to Acquire Collins Aerospace's Actuation and Flight Control Business Call Transcript

Jul 21, 2023 / 07:30AM GMT

Release Date Price: €141.72 (+0.18%)

Transcript

Olivier Andries

Safran SA - CEO & Director

Hello, ladies and gentlemen. I would like first to thank you all for being here today with us under a very, very short notice. And I would like to apologize for that. But we are going to talk this morning about our project to acquire Collins Aerospace, actuation and flight control business. Collins is today a leading global provider of hydraulic and electromechanical actuation and flight control systems with a business which is basically around $1.5 billion of sales planned in 2024.

We are contemplating this acquisition because it is for us a unique opportunity to expand our aerospace equipment activity in another mission-critical segment, which is a segment of flight controls and actuation. Flight controls is indeed mission-critical equipment for aircraft. This contemplated acquisition in this business has a strong fit with our DNA because it's leading technologies. It's a recurring aftermarket sales as well and profitable growth. On top of that, this acquisition would position us very nicely for the next-gen aircraft, and I will develop that

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