Safran First Half 2024 Earnings: Revenues Beat Expectations, EPS Lags

Safran (EPA:SAF) First Half 2024 Results

Key Financial Results

• Revenue: €13.3b (up 19% from 1H 2023).
• Net income: €57.0m (down 97% from 1H 2023).
• Profit margin: 0.4% (down from 17% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.13 (down from €4.43 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Safran Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 95%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Aerospace & Defense industry in France.

Performance of the French Aerospace & Defense industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Safran that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com