Safran Groupe: The latest figures, news and market research on Safran Groupe

Turnover: 23.2 billion EUR (2023)

Country: France

Safran is a French group specializing in aircraft engines, rockets, aerospace and defense components. It is the result of the merger between aircraft, rocket engine and aerospace components manufacturer SNECMA, and security company SAGEM in 2005.

In 2018, Safran takes control of Zodiac Aerospace and significantly expands its aeronautical equipment activities.

77,000 employees in 27 countries

Safran is present in the propulsion and aeronautical equipment, space and defense markets. Listed on Euronext, it is included in the CAC 40 and Euro Stoxx 50 indices.

News

Safran becomes world leader in flight controls 07/06/2024

Safran acquires the flight control and actuation business of American company Collins Aerospace for $1.8 billion.
The activities sold by Collins are spread over eight plants in Europe (France, Italy and the UK) and Asia, with 3,700 employees involved.
Microtecnica, the Italian subsidiary of the divested business, accounts for 15% of revenues with three plants. It specializes in mechanical and electronic components and services for military aircraft.
Italian defense programs in which it is involved, such as the Tornado and Eurofighter combat aircraft and the MU90 torpedo, as well as the future GCAP program, a competitor to the Future Air Combat System (Scaf) involving Germany, France and Spain.

Safran: the Boeing 737 Max challenge, the only fly in the ointment 15/02/2024

Airbus reported an 11% increase in sales to 65.446 billion euros, with net income of 3.789 billion euros.
Safran, Airbus' main supplier, increased its sales by 22% to 23.2 billion euros, with a gross margin of 13.6% or 3.16 billion euros.
Safran's net profit was 3.44 billion euros.
Safran delivers 1,570 Leap engines in 2023, 434 more than in 2022. Safran forecasts further growth of 20 to 25% in LEAP engine deliveries in 2024.
in 2023, in civil engines, Safran's service business grew by 32.9% in dollar terms.

Safran offers $1.8 billion for Collins flight orders 22/07/2023

Safran proposes to acquire Collins Aerospace's flight controls business for an enterprise value of $1.8 billion.
The acquisition covers 8 manufacturing sites, 7 of which are in Europe (mainly the UK, France and Italy) and 1 in Asia, employing 3,700 people.
By 2024, these plants are expected to generate sales of around $1.5 billion
The customers of this Collins branch are 63% commercial aviation, 25% military aircraft and 12% helicopters.
Collins is committed to generating a quarter of sales from its orders over the next few years.
Safran forecasts a 50% increase in engine deliveries by 2023.
Safran promises sales of 23 billion euros in 2023 (versus 19 billion euros in 2022)

Safran negotiates its biggest acquisition in five years with Raytheon 08/06/2023

Safran Group in talks to acquire a branch of Raytheon Technologies Corp
Potential acquisition of certain flight control and actuation activities (ATA 27)
Acquisition value could be around $1 billion
Raytheon had sales of $67.1 billion in 2020
Safran had sales of 19 billion euros

Safran forecasts a 50% increase in engine deliveries by 2023. 20/02/2023

Last year, Safran invested heavily in the space sector, with the acquisition of Orolia , Cilas and Syrlinks
three companies that will enable Safran to rapidly reach half a billion euros in sales in space equipment

Financial Data

DUNS: 562082909

Legal Name: SAFRAN

Address: 2 BD DU GAL MARTIAL VALIN , 75015 PARIS 15

Number of employees: Entre 1 000 et 1 999 salariés (2020)

Capital: 85 452 108 EUR

Financial Data:

Year	2022	2021	2020	2019	2018	2017	2016
Turnover	752 000 000	541 000 000	541 000 000	723 000 000	552 000 000	-	525 000 000
Gross margin (€)	868 000 000	363 000 000	693 000 000	877 000 000	637 000 000	-	561 000 000
EBITDA (€)	-2 000 000	-115 000 000	-115 000 000	25 000 000	-164 000 000	-648	-34 000 000
Operating profit (€)	-83 000 000	-79 000 000	-79 000 000	-67 000 000	-34 000 000	-648	-76 000 000
Net profit (€)	1 036 000 000	1 647 000 000	1 647 000 000	1 297 000 000	1 360 000 000	-648	970 000 000
Turnover growth rate (%)	30,8	-5,9	-25,2	-0,7	-24,2	-	-6,7
Ebitda margin rate (%)	-0,3	-21,3	-21,3	3,5	-29,7	-	-6,5
Operating margin rate (%)	-11	-14,6	-14,6	-9,3	-6,2	-	-14,5
Working Capital (turnover days)	2 695,3	-462,8	2 261,5	1 629,1	-199	-	1 653,9
Working Capital requirements (turnover days)	63,1	-107,9	-58	-23,7	-85,3	-	-107,1
Net margin (%)	137,8	304,4	304,4	179,4	246,4	-	184,8
Added value / Turnover (%)	25,4	32,7	32,7	37,6	161,1	-	38,7
Wages and social charges (€)	271 000 000	215 000 000	215 000 000	298 000 000	-201 000 000	-	230 000 000
Salaries / Turnover (%)	36	39,7	39,7	41,2	-36,4	-	43,8

Company Managers:

Position	First Name	Last Name	Age
Administrator	HELENE	Auriol	62
Administrator	FABRICE, ROGER, DANIEL	BREGIER	63
Administrator	PATRICIA, SUZANNE	Bellinger	63
Administrator	MONIQUE	Cohen	68
Administrator	LAURENT	Guillot	55
Administrator	ALEXANDRE, ANDRE	Lahousse	48
Administrator	FABIENNE	Lecorvaisier	62
Administrator	ROBERT	PEUGEOT	74
Administrator	PATRICK	Pélata	69
Chief Executive Officer, Director	OLIVIER	Andriès	62
Director representing employee shareholders	ANNE	Aubert	53
Director representing employee shareholders	MARC, DOMINIQUE	Aubry	61
Director representing employees	HERVE	Chaillou	58
Director representing employees	CHRISTELE	Debarenne-Fievet	56
Director representing the state	CELINE	Fornaro	48
Chairman of the Board of Directors	ROSS	Mc Innes	70