Safran Stock: Nearly 2% Decline but +7% Over the Week
The aerospace engine manufacturer loses ground this Tuesday morning, in a CAC 40 that falls under the weight of poor French macroeconomic indicators. The stock is among the most declined values of the Parisian index, after having benefited from a sharp rebound last week.
Safran Drops to €292.90 in a Weakened Paris Market Due to PMIs
Safran's stock loses 1.78% at €292.90 mid-morning, down from €298.20 at the previous close. The stock ranks among the steepest declines in the CAC 40, which falls 0.94% to 8,180 points. The session is weighed down by the publication of the French Flash Composite PMI index, which dropped to 43.5 in May, its lowest level since November 2020. The volume of new business records its sharpest contraction in five and a half years, fueling concerns about the second-largest economy in the eurozone.
The movement of the day, however, tempers the weekly progress of the engine manufacturer, which remains at +6.94% over seven days after a sharp rebound from €275 reached in mid-May. Over several weeks, the stock still shows a decline of nearly 15%, reflecting the difficult digestion of the first quarter results published at the end of April.
The Stock Falls Below its 200-Day Moving Average, with the Support at €265.20 in Sight
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In terms of indicators, the decline brings Safran below its 200-day moving average, located at €299.54, while the price remains above its short-term averages (MM20 at €279.87, MM50 at €288.77). This mixed configuration reflects a short-term rebound that has not yet restored the long-term trend. The RSI at 59 remains neutral, without signs of excess, which leaves room before reaching overheating levels. The technical support at €265.20 remains the reference low zone, already approached on May 15.
On a fundamental level, Berenberg maintained a buy recommendation in early May with a target of €355, as recalled in an analysis published on May 12. The analysts' opinions listed remain, at this stage, generally oriented towards buying the stock. The next technical step will be around the 200-day moving average, whose reconquest will condition the exit from the bearish channel started in March.
"2025 a été une année remarquable pour nos activités, portées par un trafic passagers record et une dynamique soutenue dans la défense."
Safran publie des résultats annuels 2025 solides: chiffre d'affaires consolidé de 31,189 milliards d'euros (+12,5 % YoY), résultat opérationnel courant consolidé de 4,787 milliards d'euros (+14,4 %), EBITDA de 6,318 milliards d'euros, cash-flow libre de 3,921 milliards d'euros; perspectives 2026: CA attendu en hausse de 12-15 %, COI entre 6,1 et 6,2 milliards d'euros et FCF entre 4,4 et 4,6 milliards d'euros, ambi tions 2028 relevées.
Risks mentioned
Capacités de production de la chaîne d’approvisionnement
Opportunities identified
Croissance soutenue des activités d’après-vente et défense
Livraisons et contenu des services liés au LEAP et à l’aéronautique civile
Dynamique du trafic aérien favorable et extension des commandes dans la défense
Outlook / guidance
Expected revenue: Le chiffre d'affaires 2026 est attendu entre 12 % et 15 % de hausse par rapport à l'année 2025.
Expected EBITDA: EBITDA 2026 attendu entre 6,1 et 6,2 milliards d'euros.
Management commentary: Pour 2026, Safran prévoit une croissance du chiffre d'affaires entre 12 % et 15 %, un résultat opérationnel courant entre 6,1 et 6,2 milliards d'euros et un flux de trésorerie libre entre 4,4 et 4,6 milliards d'euros, sous réserve de l'exécution des livraisons et du calendrier de paiement des États clients.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
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