|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||80.64 - 85.22|
|52-week range||51.10 - 152.30|
|Beta (5Y monthly)||1.19|
|PE ratio (TTM)||53.94|
|Earnings date||30 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||27 May 2019|
|1y target est||119.08|
Safran's <SAF.PA> core profit tumbled in the first half of the year, but the drop was not as bad as expected as the jet engine maker went into the coronavirus crisis propelled by the momentum from a strong first quarter. Safran said it expected a 35% drop in revenue and an operating margin of around 10% for the full year, and positive free cashflow in the second half. Safran's shares rose around 4%.
French aerospace supplier Safran halved its core profit in the first half of the year as the COVID-19 crisis gutted demand for passenger jets. The engine maker posted a recurring operating profit of 947 million euros ($1.1 billion), down 49.7%, as revenues fell 28% to 8.767 billion. Analysts had expected operating profit of 840 million euros on revenues of 8.5 billion, according to Refinitiv data.
France's Safran, the world's third-largest aerospace supplier, has began building a new factory in the northern Mexican border state of Chihuahua, Mexican Foreign Minister Marcelo Ebrard said on Saturday. Safran, which has two plants in the Mexican industrial city of Queretaro, did not immediately respond to a Reuters request for comment. Safran in May announced it had laid off 3,000 employees in Mexico amid an unprecedented crisis in the aerospace industry stemming from the coronavirus pandemic.