Safran Sees Income Margin, Revenue Growth Through 2025 -- Update [MarketWatch]
SAFRAN SA UNSPON/ ADR (SAFRY)
NASDAQ:AMEX Investor Relations:
safran-group.com/finance/investor-relations
Company Research
Source: MarketWatch
The French defense-and-aerospace company said it expects recurring operating income margin to reach 16% to 18% by 2025. The target would represent "more than 5 points margin expansion from 2021, mainly driven by growth in services across all divisions," it said. In 2024 and 2025, its margin should expand faster than during the 2021-23 period. Its propulsion division--its biggest segment by revenue--is expected to reach the highest margin, with an recurring operating margin of more than 20% by 2025. For its equipment and defense unit, it targets a recurring operating income margin at around 15% by 2025 and above 10% for its aircraft interiors division. In the first half of 2021, Safran's recurring operating income margin stood at 9.6% of sales. In 2019, before the pandemic hit its activities, its margin was at 15.5%. Meanwhile, Safran expects its organic revenue to grow on average by at least 10% per year from 2021 to 2025, with civil aftermarket--which includes spare parts and
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