The French aerospace supplier Safran has defied the odds, soaring high amidst the COVID-19 crisis. Despite the global pandemic, Safran has achieved an impressive 17.9% organic growth and is continuing to expand its reach. This article will explore the strategies and successes that have enabled Safran to thrive in the face of adversity.
Safran’s Impressive Organic Growth: 17.9% Despite the COVID-19 Crisis
Safran’s impressive organic growth of 17.9% in the first three quarters of 2022 is a testament to the company’s resilience in the face of the COVID-19 crisis. CEO Olivier Andries recently spoke with Guy Johnson on the sidelines of the Paris Air Show and expressed optimism about the company’s future. Despite the pandemic, Safran is betting on flight hours and expanding its product portfolio through acquisitions. The company is also a 50% owner with GE aerospace of CFM, a joint venture which manufactures engines used by Boeing, Airbus, and the Chinese airline manufacturer of the new 919. This joint venture has been key to Safran’s success and has enabled the company to remain competitive in the aerospace supply chain. In addition, Safran is planning to hire 12,000 people worldwide this year to build its capacity back up, demonstrating the company’s faith in its future prospects.
Strengthening the Aerospace Supply Chain: Safran’s Expansion Through Acquisitions
The aerospace supply chain is a complex and ever-evolving industry, and Safran is a leader in the field. The French aerospace supplier has seen strong organic growth in the past few years, and is now looking to expand its product portfolio and increase its capacity through acquisitions. CEO Olivier Andries recently spoke with Guy Johnson on the sidelines of the Paris Air Show, and the company is confident that the worst of the COVID-19 crisis is over. Safran is a 50% owner with GE aerospace of CFM, a joint venture which manufactures engines used by Boeing, Airbus, and the Chinese airline manufacturer of the new 919. The company is betting on flight hours and is looking to hire 12,000 people worldwide this year to build its capacity back up. Safran is a key player in the aerospace supply chain and is looking to strengthen its position through strategic acquisitions.
Rebuilding Capacity: 12,000 New Hires in 2021 to Support Recovery
The French aerospace supplier Safran is seeing strong organic growth, despite the COVID-19 crisis. CEO Olivier Andries recently spoke with Guy Johnson on the sidelines of the Paris Air Show, and the company is confident that the worst is over. To support its recovery, Safran is planning to hire 12,000 people worldwide this year. This move is part of the company’s strategy to rebuild its capacity and expand its product portfolio through acquisitions. As a 50% owner of the joint venture CFM, which manufactures engines used by Boeing, Airbus, and the Chinese airline manufacturer, Safran is a European powerhouse in the aerospace supply chain and a high margin aftermarket recovery play.
Safran is also betting on flight hours, as portfolio managers at the Morningstar Investment Conference named stocks within aerospace like Boeing and General Electric, as well as luxury goods maker LVMH. The company has seen strong organic growth of 17.9% in the first three quarters of 2022, and is looking to the future with optimism. With the 12,000 new hires planned for 2021, Safran is sure to continue its success and lead the way in the aerospace industry.
The success of Safran in the face of the COVID-19 crisis is an inspiring example of the power of resilience and innovation. Despite the pandemic, the French aerospace supplier was able to achieve 17.9% organic growth, demonstrating the company’s ability to adapt to changing circumstances and remain competitive in the global market. With an impressive portfolio of products and services, Safran is set to continue soaring high and leading the industry into the future.