Safran SA

Safran S.A.

Type	Société Anonyme
Traded as	Euronext: SAF CAC 40 Component
Industry	Aerospace Defense
Predecessor	Snecma, Sagem
Founded	2005 (2005)
Headquarters	Paris , France
Key people	Olivier Andriès (CEO) Ross McInnes (Chairman)
Products	Aircraft engines, equipment, and interiors, defence electronics, avionics, navigation system, communications systems, satellites
Revenue	€24.64 billion (2019)
Operating income	€3.82 billion (2019)
Net income	€2.44 billion (2019)
Total assets	€40.62 billion (end 2018)
Total equity	€12.30 billion (End 2018)
Number of employees	81,000 (2020)
Subsidiaries	OEMServices Safran Aero Boosters Safran Aerosystems Safran Aircraft Engines Safran Cabin Safran Ceramics Safran Electrical & Power Safran Electronics & Defense Safran Helicopter Engines Safran Landing Systems Safran Nacelles Safran Passenger Solutions Safran Seats Safran Transmission Systems ArianeGroup (50% ownership)
Website	https://www.safran-group.com/

Safran S.A. is a prominent French multinational aerospace and defense company committed to innovation and excellence. Operating across aircraft propulsion, aircraft equipment, and defense segments, Safran delivers cutting-edge solutions that address global aviation and defense needs. Through research and development and collaborative partnerships, Safran shapes the future of aerospace and defense, maintaining its leadership position in the industry.

As a global leader in the aerospace and defense industry, Safran SA is renowned for its commitment to innovation and excellence. Operating across aircraft propulsion, aircraft equipment, and defense segments, Safran delivers cutting-edge solutions that cater to the evolving needs of the aviation and defense industries worldwide. With a strong focus on research and development, the company continuously pushes the boundaries of technology, striving to enhance the performance, efficiency, and sustainability of its products while fostering collaborative industry partnerships to drive progress in these domains. Safran's dedication to customer satisfaction, operational excellence, and financial strength enables the company to maintain its position as a key player in the aerospace and defense sectors, shaping the future of aviation and defense on a global scale.

Market

Total Addressable Market

The Total Addressable Market (TAM) for Safran SA is defined as the global aerospace and defense market. According to industry reports, the global aerospace and defense market was valued at $855.62 billion in 2023 and is projected to reach $1076.56 billion by 2027, experiencing a compound annual growth rate (CAGR) of 5.9%.

Serviceable Available Market

The Serviceable Available Market (SAM) for Safran SA is focused on the commercial aviation segment within the global aerospace and defense market. The Commercial Aviation Market is anticipated to experience significant growth, projected to increase from $218.97 billion in 2023 to $271.96 billion by 2028, representing a Compound Annual Growth Rate (CAGR) of 4.43% during the forecast period from 2023 to 2028.

Serviceable Obtainable Market

The Serviceable Obtainable Market (SOM) for Safran SA is focused on the commercial aviation engine market, which represents a significant segment within the broader commercial aviation industry. The global aircraft engine market size is projected to hit USD 112.61 billion by 2029, with a forecasted Compound Annual Growth Rate (CAGR) of 10.87% during the forecast period from 2023 to 2028. The market size stood at USD 54.70 billion in 2022.

Team

Board of Directors

Chairman of the Board

Ross McInnes, born in 1954, holds the distinction of having dual French and Australian nationality. His distinguished career has seen him play significant roles in prominent companies, making valuable contributions in various executive positions. After graduating from Oxford University, he embarked on his professional journey in 1977 at Kleinwort Benson, where he gained valuable experience in London and Rio de Janeiro. Later, in 1980, he joined Continental Bank (now Bank of America), making notable contributions in corporate finance positions in Chicago and Paris.

In 1989, Ross McInnes joined Eridania Beghin-Say, quickly ascending to the role of Chief Financial Officer in 1991 and later becoming a member of the Board of Directors in 1999. Subsequently, he joined Thomson-CSF (now Thales) as Executive Vice President and Chief Financial Officer in the year 2000, where he played a crucial role in the group's transformation.

Having demonstrated exceptional leadership and expertise, Ross McInnes joined Safran in March 2009 as Executive Vice President for Economic and Financial Affairs. His outstanding performance led to his appointment as a member of the Executive Board from July 2009 to April 2011 and later as Deputy Chief Executive Officer until April 2015. On April 23, 2015, he was appointed Chairman of the Board of Safran.

Chief Executive Officer and Director

Olivier Andriès' illustrious career has seen him play significant roles in prominent companies, encompassing distinguished positions at the French Ministry of Finance's Treasury department and the prestigious Lagardère group. In the year 2000, he embarked on a transformative journey when he joined Airbus as Vice President, subsequently elevating to the position of Executive Vice President of Strategy. His strategic vision and exceptional performance caught the industry's attention, propelling him further along the path of success.

In 2008, Olivier Andriès set his sights on new horizons, making a strategic move to Safran, where he assumed the crucial role of Executive Vice President of Strategy and Development. His leadership prowess was undeniable, leading to his subsequent appointment as CEO of Turbomeca and Safran Aircraft Engines, solidifying his status as a key decision-maker within the organization. Recognized for his unparalleled acumen and transformative approach, Andriès was the natural choice to be appointed as Safran's next CEO in 2019, with his tenure set to begin on January 1st, 2021.