DOCSLIB.ORG

Issue 4 – 2017

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Issue 4 – 2017 WHAT IS CEAS ? THE CEAS the council of european aerospace societies (ceas) is an International MANAGEMENT non-Profit asso ciation, with the aim to develop a framework within which BOARD the major aerospace societies in europe can work together. It presently comprises thirteen full Member socie ties: 3af (france), aIae It Is structured as follows : (spain), aIdaa (Italy), aaar (romania), czaes (czech republic), dGlr (Germany), ftf (sweden), haes (Greece), nVvl (netherlands), Psaa • General functions: President, director (Poland), raes (united Kingdom), sVfw (switzerland), tsaGI (russia); General, finance, external relations & and six corporate Members: esa, easa, eurocontrol, laeta, VKI Publications, awards and Membership. and euroaVIa.. following its establishment as a legal entity conferred under Belgium law, • two technical Branches: this association began its operations on January 1 st , 2007. – aeronautics Branch Its basic mission is to add value at a european level to the wide range of – space Branch services provided by the constituent Member societies, allowing for greater dialogue between the latter and the european institutions, each of these two Branches, composed of governments, aerospace and defence industries and academia. specialized technical committees, is placed the ceas is governed by a Board of trustees, with representatives of under the authority of a dedicated chairman. each of the Member societies. Its Head Office is located in Belgium: the offIcers of the Board In 2017: c/o DLR – Rue du Trône 98 – 1050 Brussels. www.ceas.org President: christophe hermans [email protected] WHAT DOES CEAS Vice-President, finance: cornelia hillenherms OFFER YOU ? [email protected] KnowledGe transfer : Vice-President, Publications and external • a well-found structure for technical committees relations: Pierre Bescond hIGh -l eVel euroPean conferences : [email protected] • technical pan-european events dealing with specific disciplines and the broader technical aspects Vice-President, awards and Membership: • the ceas european air and space conferences: every two years, Kaj lundahl a technical oriented confe rence, and alternating every two years also, [email protected] a Public Policy & strategy oriented conference director General (including financial PuBlIcatIons : Management): Mercedes oliver herrero • Position/discussion papers on key issues [email protected] • ceas aeronautical Journal • ceas space Journal chairman of the aeronautics Branch: • ceas Quarterly Bulletin christophe hermans [email protected] relatIonshIPs at a euroPean leVel : • european commission chairman of the space Branch: • european Parliament torben henriksen • asd (aerospace and defence Industries association of europe), easa [email protected] (european aviation safety agency), eda (european defence agency), esa (european space agency), eurocontrol chairman of the Programme coordination • other european organisations committee: Pierre Bescond euroPean ProfessIonal recoGnItIon : [email protected] • directory of european Professionals editor-in-chief of the ceas Quarterly Bulletin: honours and awards : Jean-Pierre sanfourche • annual ceas Gold Medal to recognize outstanding achievement [email protected] • Medals in technical areas to recognize achievement • distinguished service award Quarterly Bulletin, design & Page setting: YounG ProfessIonal aerosPace foruM sophie Bougnon [email protected] sPonsorInG ceas Quarterly Bulletin - 4 th quarter 2017 2 • CEAS MEMBER SOCIETIES CEAS MEMBERS AND PARTNERS st - Persgatan 29 5tr, se - 602 33 norrköping FULL MEMBERS : Central Aerohydrodynamic Institute tel.: + 46(0)11 345 25 16 /+ 46 (0)705 38 58 06 Association Aéronautique Russian Aerospace Society ( TsAGI ) [email protected] 1, Zhukovsky st. – Zhukovsky, Moskow region, et Astronautique de France (3AF) CEAS Trustees: – Kaj lundahl 6,rue Galilée – f-75016 Paris 140 180, russian federation wiboms väg 9 • se - 171 60 solna tel.: + 33 (0) 1 56 64 12 30 – www.3af.fr Chief Executive and CEAS Trustee: [email protected] President: Michel scheller sergey l. chernyshev, d.sc. +46 8 270 264 – +46 703 154 969 (mob) Corporate Partners Director: elisabeth dallo [email protected] – www.tsagi.com – Prof. Petter Krus : linköping university [email protected] CEAS Trustee: evgeni andreev – [email protected] se - 58183 linköping – [email protected] Secretary General: Bernard Vivier +46 13 282 792 – +46 708 282 792 (mob) [email protected] Secretary: Björn Jonsson – fMV al flyglogistik CEAS Trustees: Pierre Bescond CORPORATE MEMBERS : se-115 88 stockholm, sweden [email protected] and elisabeth dallo [email protected] ESA Executive Secretary : anne Venables 8-10, rue Mario nikis - f-75015 Paris [email protected] Hellenic Aeronautical Engineers Society CEAS Representative: torben henriksen (HAES) www.esa.int Asociación de Ingenieros Aeronáuticos 3, Karitsi str. 10561 – Gr-10561 athens de España (AIAE) Phone & fax (haes): +30-210 - 323 - 9158 coIae. francisco silvela 71, entreplanta EASA working hours Phone:+30 22620-52334 Konrad - adenauer - ufer 3 28250 Madrid (spain) – tel.: + 34 91 745 30 30 Mob.:+30 697 997 7209 d-50542 cologne (Germany) [email protected] - www.coiae.es e-mail (haes): [email protected] tel.: +49 (221) 8999 0000 - http://easa.europa.eu President: Mrs estefan ía Matesanz romero President: Ioannis Vakrakos – CEAS Representative: erick ferrandez CEAS Trustees: Mrs Mercedes oliver herrero [email protected] [email protected] CEAS Trustees: triantafyllos (akis) Mrs estefan ía Matesanz romero EUROCONTROL tsitinidis [email protected] rue de la fusée 96 - Brussels 1130 Secretary: [email protected] tony economopoulos – [email protected] CEAS Representative: Marc Bourgois Associazione Italiana di Aeronautica http://www.eurocontrol.int Nederlandse Vereniging voor Luchtvaart - e Astronautica (AIDAA) casella Postale 227 – I-00187 roma V.r. techniek (NVvL) c/o netherlands aerospace centre EUROAVIA tel / fax : +39 366 144 21 31 Kluyverweg 1 - 2629 hs, delft, nl anthony fokkerweg 2 [email protected] – www.aidaa.it President and CEAS Representative: nl- 1059 cM amsterdam President: Prof. erasmo carrera Juan Manuel lora alonso tel.: + 31 88 511 3055 (secretariat) Politecnico di torino - dIMa CEAS Representative: daniele Vangone [email protected] – www. nvvl.org corso duca degli abruzzi 24 - 10129 torino, Italy [email protected] – www.euroavia.eu President: christophe hermans [email protected] CEAS Trustee: christophe hermans Secretary General: Prof. cesare cardani LAETA (Portugal) [email protected] CEAS Representative: [email protected] / [email protected] Secretary General and CEAS Trustee: Pr l.B. campos CEAS Trustees: Prof. leonardo lecce – ave rovisco Pais - lisboa Paul eijssen – [email protected] [email protected] and Prof. franco Bernelli www.idmec.ist.utl.pt/laeta/ Zazzera – [email protected] Polish Society of Aeronautics Secretary : daniela Vinazza – [email protected] and Astronautics (PSAA) VKI (Belgium) nowowiejska 24 – 00-665 warsaw – Poland chaussée de waterloo, 72 - B- 1640 rhode-st- Aeronautics and Astronautics Association Phone : +48 660 009 804 Genèse - www.vki.ac.be of Romania (AAAR) http://psaa.meil.pw.edu.pl/ CEAS Representative: Jean Muylaert 220d Iuliu Maniu ave - 061126 Bucharest 6 – President: Pawel stezycki – [email protected] romania, P.o. 76, P.o.B. 174 – www.aaar.ro Vice-President: Miroslav rodzewicz President: Prof. Virgil stanciu [email protected] SOCIETIES HAVING SIGNED A MOU WITH [email protected] CEAS Trustee: Miroslaw rodzewicz CEAS : Vice-President and CEAS Trustee: dr eng. [email protected] Valentin silivestru – [email protected] Académie de l'Air et de l'Espace (AAE) General Secretary: andrzej Zyluk CEAS Trustee: Prof. Ion fuiorea 1, avenue camille flammarion – f-31500 toulouse Treasurer: Jacek szumbarski [email protected] www.academie-air-espace.com Coordinator for Foreign Relations : Zdobyslaw Czech Aerospace Society (CzAeS) Goraj - [email protected] American Institute of Aeronautics novotneho lavka 200/5 Administrative Officer: agata wierzbinska and Astronautics (AIAA) 110 00 Prague, czech republic 1801 alexander Bell drive, reston, Va 20191 [email protected] - www.czaes.org Royal Aeronautical Society (RAeS) [email protected] – www.aiaa.org President and CEAS Trustee: no.4 hamilton Place – london w1 J 7 BQ – united Kingdom Chinese Society of Astronautics (CSA) assoc. Prof. daniel hanus, csc, eur InG, afaIaa Po Box 838 – 10830 Beijing, china (Prc) Vice-President and CEAS Trustee: tel.:+ 44 (0)20 76 70 4300 [email protected] – www.aerosociety.com Pr wang Jia – [email protected] assoc. Prof. Jan rohac, Phd President : acM sir stephen dalton fraes www.csaspace.org.cn/ CEAS Trustees: Deutsche Gesellschaft für Luft-und emma Bossom and david chinn European Aeronautics Science Network Raumfahrt Lilienthal-Oberth e.V. (DGLR) [email protected] (EASN) Godesberger allee 70 – d- 53175 Bonn Chief Executive: simon luxmoore President: Prof. spiros Pantekalis tel.: + 49 228 30 80 50 [email protected] rue du trône 98 – 1050 Brussels, Belgium [email protected] – www.dglr.de Governance and Compliance Manager: www.easn.net President: Prof. rolf henke: [email protected] saadiya ogeer – [email protected] CEAS Trustees: dr cornelia hillenherms Head of Conference: richard nicholl Association of European Research [email protected]
Load more

Recommended publications
  • Safranin 2013
    SAFRAN IN 2013 2013 REGISTRATION DOCUMENT WorldReginfo - ad8c403d-4ac5-44b4-b8b3-bd5c47afcfb7 SAFR_1402217_RA_2013_GB_CouvDocRef.indd 1 26/03/14 12:12 Contents GROUP PROFILE 1 1 PRESENTATION OF THE GROUP 8 5.3 Developing human potential 203 5.4 Aiming for excellence in health, 1.1 Overview 10 safety and environment 214 1.2 Group strategy 14 5.5 Involving our suppliers and partners 224 1.3 Group businesses 15 5.6 Investing through foundations 1.4 Competitive position 32 and corporate sponsorship 224 1.5 Research and development 32 5.7 CSR reporting methodology and Statutory 1.6 industrial investments 37 Auditors’ report 226 1.7 Sites and production plants 38 1.8 Safran Group purchasing strategy 43 6 CORPORATE GOVERNANCE 232 1.9 Safran quality performance and policy 43 6.1 Board of Directors and Executive 1.10 Safran+ progress initiative 44 Management 234 6.2 Executive Corporate Officer 2 REVIEW OF OPERATIONS IN 2013 compensation 263 AND OUTLOOK FOR 2014 46 6.3 Share transactions performed by Corporate Officers and other managers 272 2.1 Comments on the Group’s performance 6.4 Audit fees 274 in 2013 based on adjusted data 48 6.5 Report of the Chairman 2.2 Comments on the consolidated of the Board of Directors 276 financial statements 66 6.6 Statutory Auditors’ report 2.3 Comments on the parent company on the report prepared by the Chairman financial statements 69 of the Board of Directors 290 2.4 Outlook for 2014 71 2.5 Subsequent events 71 7 INFORMATION ABOUT THE COMPANY, 3 THE CAPITAL AND SHARE FINANCIAL STATEMENTS 72 OWNERSHIP 292 3.1
    [Show full text]
  • Dossier De Presse Press Kit Dossier De Presse Press Kit
    KEY MISSIONS, KEY TECHNOLOGIES, KEY TALENTS DOSSIER DE PRESSE PRESS KIT PRESS KIT DOSSIER DE PRESSE Facebook “f” Logo CMYK / .eps Facebook “f” Logo CMYK / .eps Réalisation : Free-Lance’s l’Agence - © Images for business / Morpho / Safran, Philippe Wodka-Gallien / Sagem / Safran, / Sagem / Safran, Wodka-Gallien Philippe l’Agence - © Images for business / Morpho Safran, Free-Lance’s Réalisation : Eric Drouin / Snecma. Pascal Le Doaré / Safran, Direction de la communication / Communications department 2, boulevard du Général-Martial-Valin - 75724 Paris Cedex 15 - France Contact : Catherine Malek - Mob. : +33 (0)6 47 88 03 17 - Tél. : +33 (0)1 40 60 80 28 Mail : [email protected] - www.safran-group.com Dossier de presse PROFIL DU GROUPE Safran est un groupe international de haute technologie, équipementier de premier rang dans les domaines de l’aéronautique, du spatial, de la défense et de la sécurité. Safran occupe, seul ou en partenariat, des positions de premier plan mondial ou européen sur ces marchés. L’activité de Safran repose sur trois piliers : l’aéronautique & l’espace, la défense et la sécurité. Ces trois industries ont en commun des barrières d’entrée technologiques et financières élevées, des activités de service rentables et résilientes, des relations clients et partenariats durables. Dans chacun des domaines d’excellence du Groupe, sa stratégie de différenciation s’appuie sur la maîtrise des technologies qu’il exploite. À travers la diversité de ses métiers, le Groupe est fortement cohérent et intégré. Aéro- L’activité spatiale, par exemple, définit des axes de recherche et concentre de Défense nautique nombreuses technologies d’avenir destinées à être transférées au secteur de et spatial l’aviation civile.
    [Show full text]
  • 2018 Integrated Report Contents
    2018 INTEGRATED REPORT CONTENTS p. 01 p. 14 SAFRAN ECOSYSTEM AT A GLANCE p. 22 p. 02 STRATEGY AND EDITORIAL BUSINESS MODEL p. 04 p. 42 GROUP PROFILE RISK MANAGEMENT p. 46 CORPORATE GOVERNANCE p. 52 PERFORMANCE AND VALUE CREATION SAFRAN AT A GLANCE rd Worldwide aerospace nd Worldwide aerospace group, excluding equipment supplier 3 airframers 2 2018 KEY FIGURES OUR ACTIVITIES €21,050 million €3,023 million REVENUE RECURRING (adjusted data)(1) OPERATING INCOME AEROSPACE (adjusted data) PROPULSION €1,781 million €1,472 million FREE CASH FLOW TOTAL R&D AIRCRAFT EQUIPMENT, (including customer- DEFENSE & funded R&D) AEROSYSTEMS €780 million 92,639 CAPEX EMPLOYEES AIRCRAFT (TANGIBLE ASSETS) (at December 31, 2018) INTERIORS 2022 OBJECTIVES ORGANIC REVENUE GROWTH(2) 4% to 6% annually Become the RECURRING OPERATING MARGIN world’s leading trending to a 16%-18% range by 2022 aircraft equipment CONVERSION OF RECURRING OPERATING supplier within INCOME TO FREE CASH FLOW the next 15 years trending above 60% in 2022 SHAREHOLDER RETURN 75% of cumulated free cash flow over the period 2018-2022 through dividends(3) and share buybacks (1) Please refer to the 2018 Registration Document (page 52), for a reconciliation of the consolidated income statement with the adjusted income statement and a breakdown of the adjustment. (2) Based on an estimated average spot rate of US$1.25 for €1 in 2019-2022. (3) Based on the existing dividend practice (40% payout ratio). 01 I SAFRAN 2018 INTEGRATED REPORT EDITORIAL PHILIPPE PETITCOLIN ROSS McINNES CHIEF EXECUTIVE OFFICER
    [Show full text]
  • PRESS RELEASE 2018 Capital Markets Day Safran Presents Its
    PRESS RELEASE 2018 Capital Markets Day Safran presents its strategic and financial ambitions Paris, November 29, 2018 Safran has delivered and even exceeded its March 2016 ambitions. Ideally positioned to capture growth from Aerospace & Defense markets thanks to leading Tier 1 positions. Strengthen market leadership by: o Reinforcing its key leading positions as a full-fledged civil and military engine manufacturer o Becoming the No 1 Aerospace Equipment supplier in the next 15 years o Increasing investment in innovation to lead the future in the industry High-quality execution and operational performance excellence: o Extending LEAP’s success with best-in class OE and Aftermarket o Restoring the performance of Aircraft Interiors businesses to rebuild customers’ trust in a sector key for airlines o Reinforcing Safran competitiveness with a particular emphasis on delivering commercial, technological and product synergies across the Group Strong organic growth, further improved profitability and cash generation: o Organic revenue growth in a mid-single digit range on average over the 2019-2022 period, including civil aftermarket growing in a high single digit range o Recurring operating income margin trending to a 16-18% range by 2022 o Strong cash generation driven by a 50% increase in EBITDA between 2018 and 2022: EBIT to FCF conversion above 50% each year and trending above 60% in 2022 Balanced and disciplined capital allocation policy: o Growing self-funded R&D and CAPEX to fuel future growth o Increased cash returns to shareholders: o Full execution of the Euro 2.3 Billion buyback program initiated in 2018; intention to increase the share buyback program by a further €700M o Practice to be reviewed by Board of Directors in 2020 in order to ensure growing and attractive return for shareholders All figures in this press release represent adjusted data, except where noted (for definitions see Notes) Executive commentary CEO Philippe Petitcolin commented: “We have delivered and even exceeded all our March 2016 ambitions.
    [Show full text]
  • Safran's Board of Directors Selects Olivier Andries As Future Chief
    PRESS RELEASE Safran’s Board of Directors selects Olivier Andries as future Chief Executive officer. Paris, November 4, 2019 The Board of Directors of Safran has selected Olivier Andries as successor to Philippe Petitcolin in the position of Chief Executive Officer with effect on January 1st, 2021, after a transition period of one year starting on January 1st, 2020. As of that date (1/1/2020), Olivier Andries will serve under Philippe Petitcolin’s authority. Olivier Andries has demonstrated all the qualities required to lead our Group. He has acquired solid operational experience over the past 10 years in the Group’s Defence and Security activities (2009-2011) and Propulsion activities since 2011 (Safran Helicopter Engines and subsequently Safran Aircraft Engines). The year 2020 will be devoted to specific missions under the authority of Philippe Petitcolin. Ross McInnes, Chairman of Safran’s Board of Directors made the following statement: “Monique Cohen, our Lead Independent Director and Chair of our Appointments and Compensation Committee, and I were tasked by the Board to manage the selection process for Philippe Petitcolin’s successor. After screening and auditioning internal and external candidates, the Committee recommended to the Board that it select Olivier Andries to succeed Philippe Petitcolin. Philippe’s term of office having previously been extended to 31 December 2020, the conditions for smooth and orderly transition are therefore in place.” Philippe Petitcolin, Safran’s Chief Executive added: “I am delighted at the prospect of working with my successor throughout 2020, thus laying the basis for a seamless transition at the helm of Safran.” Olivier Andriès, 57, is CEO of Safran Aicraft Engines since June, 2015.
    [Show full text]
  • 2020 Integrated Report Contents Safran at a Glance 2020 Key Figures
    2020 INTEGRATED REPORT CONTENTS SAFRAN AT A GLANCE 2020 KEY FIGURES SAFRAN AT A GLANCE €1,073 million FREE CASH FLOW P. 01 rd Global aerospace group, excluding * RISK 3 airframers €2,792 million EDITORIAL MANAGEMENT NET DEBT P. 02 P. 40 REVENUE(1) CORPORATE down 33.0% (down 32.5% €449 million GROUP €16,498 million CAPEX PROFILE GOVERNANCE on organic basis) on 2019 P. 04 P. 42 RECURRING OPERATING INCOME(1) €1,213 million €1,686 million down 55.9% (down 58.6% TOTAL R&D ECOSYSTEM PERFORMANCE AND VALUE on organic basis) on 2019 (including customer-funded R&D) P. 10 CREATION (1) P. 50 PROFIT €844 million (Group share) 78,892 STRATEGY down 68.3% on 2019 EMPLOYEES AND BUSINESS (at December 31, 2020) MODEL P. 18 Long-term credit rating: BBB+ (with stable outlook) Our activities AEROSPACE AIRCRAFT AIRCRAFT PROPULSION EQUIPMENT/ INTERIORS DEFENSE/ AEROSYSTEMS BREAKDOWN OF REVENUE(1) BY SEGMENT €7,633 million €6,893 million €1,922 million BREAKDOWN OF RECURRING OPERATING INCOME(1) BY SEGMENT €1,192 million €687 million €(174) million BREAKDOWN OF RECURRING OPERATING MARGIN(1) BY SEGMENT 15.6% 10.0% (9.1)% * Classification criteria: revenue - Source: Safran. (1) Adjusted data. See section 2.1.1 of the 2020 Universal Registration Document for a reconciliation of the consolidated income statement with the adjusted income statement and a breakdown of the adjustment. 1 I SAFRAN 2020 INTEGRATED REPORT EDITORIAL EDITORIAL Message from the Chairman of the Board of Directors IN 2021, SAFRAN WILL ROSS McINNES and the Chief Executive Officer CONTINUE TO DRAW OLIVIER ANDRIÈS STRENGTH FROM ITS The total mobilization of all teams enabled Safran to tackle the crisis in 2020.
    [Show full text]
  • Corporate Governance
    6 CORPORATE GOVERNANCE 6.3.3 Operating procedures and work 6.1 SAFRAN’S CORPORATE of the Board of Directors 357 GOVERNANCE STRUCTURE 318 6.3.4 Committees of the Board of Directors 361 Corporate governance reference framework 318 6.3.5 Self-assessment by the Board 6.1.1 Board of Directors – Separation of the roles of its operating procedures 367 of Chairman of the Board of Directors and Chief Executive Officer 318 6.4 APPLICATION 6.1.2 Powers and responsibilities of the Chairman OF THE AFEP–MEDEF of the Board of Directors 318 CORPORATE GOVERNANCE CODE 368 6.1.3 Powers and responsibilities of the Chief Executive Officer 319 6.5 DIRECTORS’ INTERESTS IN 6.1.4 Powers and responsibilities THE COMPANY’S SHARE CAPITAL 369 of the Board of Directors 319 6.5.1 Compulsory shareholdings 369 6.2 MEMBERSHIP STRUCTURE 6.5.2 Code of Ethics 369 OF THE BOARD OF DIRECTORS 321 6.5.3 Transactions in the Company’s shares carried out by corporate officers 6.2.1 Summary table of information and senior managers 370 about Directors (at the filing date of this Universal Registration Document) 322 6.6 COMPENSATION POLICY 6.2.2 Directors’ profiles (at the filing date AND COMPENSATION PACKAGES of this Universal Registration Document) 326 FOR CORPORATE OFFICERS 371 6.2.3 Other information about the Board 6.6.1 Compensation policy of Directors’ membership structure 346 for corporate officers – 2021 371 6.2.4 Independence and diversity 6.6.2 Compensation and benefits of the Chairman of the Board of Directors 349 and the Chief Executive Officer for 2020 6.2.5 Additional
    [Show full text]
  • Very Strong 2018 Performance Further Growth and Profitability Improvement in 2019
    PRESS RELEASE Safran : Very strong 2018 performance Further growth and profitability improvement in 2019 Paris, February 27, 2019 Adjusted data Revenue at Euro 21,050 million (including a contribution of Euro 3,799 million from Zodiac Aerospace), up 32.0% on a reported basis and up 10.4% on an organic basis Recurring operating income at Euro 3,023 million (including a contribution of Euro 290 million from Zodiac Aerospace), up 37.9% on a reported basis and up 24.7% excluding Zodiac Aerospace Strong margin improvements in Propulsion (from 16.2% to 18.5%), Aircraft Equipment (from 11.8% to 14.3%) and Defense (from 7.1% to 8.5%) Zodiac Aerospace integration and turnaround on track Free cash flow generation at Euro 1,781 million (including Euro 92 million from Zodiac Aerospace), representing 59% of recurring operating income Consolidated data Revenue was Euro 21,025 million Recurring operating income at Euro 2,280 million Profit from operations at Euro 2,165 million Profit for the period attributable to owners of the parent at Euro 1,283 million Free cash flow at Euro 1,781 million The Board of Directors of Safran (Euronext Paris: SAF), under the Chairmanship of Ross McInnes, at their meeting in Paris on February 26, 2019, adopted and authorised the publication of Safran’s financial statements and adjusted income statement for the full-year period ended December 31, 2018. 1 Executive commentary CEO Philippe Petitcolin commented: “Safran exceeded its financial targets in 2018, thanks to an excellent organic momentum across all its businesses and to strong operational execution, particularly in the context of the CFM56-LEAP transition.
    [Show full text]
  • PR Safran H1 2021 Results Va Def
    PRESS RELEASE H1 2021: recovery of sales in Q2 and continued discipline on costs and cash. FY 2021 outlook confirmed. Paris, July 28, 2021 • H1 2021 earnings still affected by the effects of the crisis, bottoming out in Q1 • FY 2021 outlook confirmed implying a meaningful H2 ramp-up. Free cash flow target raised Adjusted data • Revenue at Euro 6,876 million, down (21.6)% on a reported basis and down (17.3)% on an organic basis • Recurring operating income at Euro 659 million down (30.4)% on a reported basis and down (29.3)% on an organic basis • Operating margin impacted across all divisions. Group operating margin down in H1 2021 at 9.6% but improved versus H2 2020 • Free cash flow generation at Euro 701 million Consolidated data • Revenue was Euro 6,769 million • Recurring operating income at Euro 351 million • Profit from operations at Euro 156 million • Profit for the period attributable to owners of the parent at Euro 674 million • Free cash flow at Euro 701 million The Board of Directors of Safran (Euronext Paris: SAF), under the Chairmanship of Ross McInnes, at their meeting in Paris on July 28, 2021 , adopted and authorised the publication of Safran’s financial statements and adjusted income statement for the six-month period ended June 30, 2021. Foreword . All figures in this press release represent adjusted [1] data, except where noted. Please refer to the definitions and reconciliation between H1 2021 consolidated income statement and adjusted income statement. Please refer to the definitions contained in the Notes on page 11 of this press statement.
    [Show full text]
  • 2020 NOTICE of MEETING Shareholders’ Meeting (Ordinary and Extraordinary)
    2020 NOTICE OF MEETING Shareholders’ Meeting (Ordinary and Extraordinary) THURSDAY, MAY 28, 2020 at 2.00 p.m. held exceptionally behind closed doors, without any shareholders being physically present at the Company’s registered office, 2, boulevard du Général Martial Valin, 75015 Paris, France CONTENTS MESSAGE FROM THE CHAIRMAN GOVERNANCE 38 OF THE BOARD OF DIRECTORS 1 Board of Directors 38 Nominees to the Board of Directors 44 Compensation policy and compensation packages for corporate officers 49 PARTICIPATING IN THE MEETING 2 Summary tables showing the individual compensation and benefits of the Chairman How to participate in the Meeting 2 and the Chief Executive Officer 62 Sale of shares prior to the Meeting 8 Written questions and documents made available to shareholders 9 How to fill out the proxy/postal voting form 9 SAFRAN IN 2019 66 Message from the Chairman of the Board of Directors and the Chief Executive Officer 66 AGENDA 11 2019 business review 69 Revenue and results by activity 70 REPORT ON THE PROPOSED SAFRAN’S CLIMATE STRATEGY 73 RESOLUTIONS AND TEXT OF THE PROPOSED RESOLUTIONS 12 An ambitious commitment for the aviation sector and Safran’s vision to achieve it 74 Safran’s climate strategy 75 SUMMARY TABLE OF FINANCIAL AUTHORIZATIONS IN FORCE, INITIAL MEASURES TAKEN BY ALREADY GRANTED TO THE BOARD SAFRAN IN 2020 IN RESPONSE OF DIRECTORS 31 TO THE COVID-19 CRISIS 78 FIVE-YEAR FINANCIAL SUMMARY REQUEST ADDITIONAL DOCUMENTS OF THE COMPANY 33 AND INFORMATION 81 STATUTORY AUDITORS’ REPORT SIGN UP FORTHE E-NOTICE PRESENTED TO THE ANNUAL OF MEETING 83 GENERAL MEETING OF MAY 28, 2020 34 The 2019 Universal Registration Document is available on the website at www.safran-group.com MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS EDITORIAL MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS Faced with the health crisis posed by the Covid-19 epidemic, Safran is taking every possible measure to protect the health of the Group’s employees and to help slow the spread of the virus.
    [Show full text]
  • NOTICE of MEETING Shareholders' Meeting (Ordinary and Extraordinary) TUESDAY, NOVEMBER 27, 2018 at 2.00 P.M
    NOTICE OF MEETING Shareholders' Meeting (Ordinary and Extraordinary) TUESDAY, NOVEMBER 27, 2018 at 2.00 p.m. Safran Campus 32, rue de Vilgénis 91300 Massy France CONTENTS MESSAGE FROM THE CHAIRMAN REPORT ON THE PROPOSED RESOLUTIONS OF THE BOARD OF DIRECTORS 1 AND TEXT OF THE PROPOSED RESOLUTIONS 12 PARTICIPATE IN THE MEETING 2 BUSINESS REVIEW 23 How to participate in the Meeting 2 Sale of shares prior to the Meeting 8 MEMBERSHIP STRUCTURE OF THE BOARD Written questions, documents made OF DIRECTORS 24 available to shareholders 8 How to fill out the proxy/postal voting form 9 REQUEST ADDITIONAL DOCUMENTS How to get to the Meeting 10 AND INFORMATION 38 AGENDA 11 SIGN UP FOR THE E-NOTICE OF MEETING 39 The 2017 Registration Document RAPPORT FINANCIER and the 2018 Interim Financial Report semestriel 2018 are available on the website at www.safran-group.com MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS MESSAGEFROM THE CHAIRMAN OF THE BOARD OF DIRECTORS “The merger being put to this Meeting marks a stage in the integration of Zodiac Aerospace within the Safran Group. ROSS McINNES Chairman of the Board of Directors Dear Shareholders, I am pleased to invite you to Safran's Ordinary by the end of the year. The main purpose of this and Extraordinary Shareholders’ Meeting, which Meeting is therefore to submit this operation for will take place on Tuesday, November 27, 2018 your approval. In the following pages, you will find at 2.00 p.m. at the Safran Campus – 32, rue de the agenda and the resolutions on which you will Vilgénis, 91300 Massy (France).
    [Show full text]
  • Registration Document 2015
    SAFRAN REGISTRATION DOCUMENT 2015 INCLUDING THE ANNUAL FINANCIAL REPORT MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS AND THE CHIEF EXECUTIVE OFFICER 2 4 7 GROUP PROFILE 4 CONTENTS RISK FACTORS 175 INFORMATION ABOUT THE COMPANY, THE CAPITAL 4.1 Identified risk factors 176 AND SHARE OWNERSHIP 295 1 4.2 General risk management policy 183 7.1 General information and 4.3 Insurance 185 bylaws 296 PRESENTATION OF THE GROUP 9 7.2 Information on share capital 302 7.3 Share ownership 307 1.1 Overview 10 7.4 Relations with shareholders 311 1.2 Group strategy 14 7.5 Stock market information 312 1.3 Group businesses 15 5 1.4 Competitive position 31 1.5 Research and development 31 CORPORATE SOCIAL 1.6 Industrial investments 36 RESPONSIBILITY 187 1.7 Sites and production plants 38 8 1.8 Group purchasing strategy 39 5.1 Safran’s Corporate Social 1.9 Safran quality Responsibility policy 188 ANNUAL GENERAL MEETING performance and policy 40 5.2 Perpetuating the integrity OF MAY 19, 2016 315 culture 189 5.3 Involving our suppliers 8.1 Agenda 316 and partners 196 8.2 Report of the 5.4 Developing human potential 197 Board of Directors 2 on the proposed 5.5 Aiming for health, safety resolutions and text of and environmental the proposed resolutions 317 excellence 209 REVIEW OF OPERATIONS IN 2015 8.3 Report on the use AND OUTLOOK FOR 2016 43 5.6 Engagement of the authorization through foundations granted to the Board and corporate sponsorship 216 2.1 Comments on the of Directors in the st Group’s performance 5.7 CSR reporting 21 resolution adopted in
    [Show full text]