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RBC maintains Outperform on Safran, keeps EUR240 target

EditorLina Guerrero
Published 12/04/2024, 01:04 PM
SAFRY
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Safran (EPA:SAF)'s CMD event is anticipated to shed more light on the broader aspects of the company's services division, which has not yet disclosed substantial financial or operational details. For investors seeking deeper insights, InvestingPro offers 13 additional investment tips and comprehensive financial metrics for Safran. The forthcoming presentation on Thursday is set to provide these insights, which were not covered in the initial CMD tour.

Safran's CMD event is anticipated to shed more light on the broader aspects of the company's services division, which has not yet disclosed substantial financial or operational details. For investors seeking deeper insights, InvestingPro offers 13 additional investment tips and comprehensive financial metrics for Safran. The forthcoming presentation on Thursday is set to provide these insights, which were not covered in the initial CMD tour.

The Belgian facility has completed approximately 260 LEAP engine shop visits since its inception, with around 250 for the LEAP 1A model and close to 10 for the LEAP 1B. Despite a transition to a new location at the Brussels airport in the first half of 2024, the facility is on track to handle approximately 62 LEAP shop visits this year.

Plans are in place to increase this number to around 90 in 2025, with a goal to reach full capacity of about 125 visits annually by 2027. The company also noted that with productivity improvements, the capacity could potentially reach up to 150 visits per year.

Safran's CMD event is anticipated to shed more light on the broader aspects of the company's services division, which has not yet disclosed substantial financial or operational details. For investors seeking deeper insights, InvestingPro offers 13 additional investment tips and comprehensive financial metrics for Safran. The forthcoming presentation on Thursday is set to provide these insights, which were not covered in the initial CMD tour.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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