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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Safran    SAF   FR0000073272

SAFRAN (SAF)
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SAFRAN : MORPHO DETECTION AWARDED BRAZIL AIRPORT CONTRACT FOR DESKTOP EXPLOSIVES TRACE DETECTORS

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06/21/2013 | 11:45am CET
NEWARK, Calif. - June 19, 2013 Morpho (Safran), through its subsidiary Morpho Detection, Inc., today announced that Infraero, Brazil's national airport operator, has purchased 45 Itemiser® DX desktop explosives trace detection (ETD) systems.
A lightweight, portable desktop system, Itemiser DX can detect residue from explosives on skin, clothing, parcels, bags, cargo, vehicles and other surfaces. Under terms of the contract, all systems will be deployed to airports in Brazil later this year to support passenger and baggage screening efforts.
"Morpho Detection is pleased that Infraero has recognized the operational capabilities of Itemiser DX by placing their first order for this industry-leading desktop trace solution," said Brad Buswell, president and CEO, Morpho Detection, Inc. "Itemiser DX is another example of Morpho Detection's commitment to helping enhance the accuracy and efficiency of the aviation security screening processes through the deployment of advanced technologies."
During a trial closely supported by Proscan, Morpho Detection's local partner, Itemiser DX underwent comprehensive testing and evaluation prior to being qualified by Infraero for use in Brazil. Looking to comply with global security regulations in advance of major events including the 2014 World Cup and 2016 Olympics in Brazil, Infraero chose Itemiser DX to replace legacy systems and help provide the highest level of security possible.
"Our close coordination with Proscan was key to the success of this process," said Marcio Lambert, managing director, Morpho Segurança do Brazil. "As Brazil continues to increase airport capacity and enhance security capabilities, Morpho is committed to expanding our footprint in Brazil and collaboration with local partners to meet current and emerging market needs."
First introduced in 2009 and currently certified by six global regulatory agencies, more than 3,000 Itemiser DX units have been deployed to airport checkpoints, checked baggage and air cargo screening facilities, critical infrastructure and secure locations around the world.
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Financials (€)
Sales 2017 16 357 M
EBIT 2017 2 401 M
Net income 2017 2 276 M
Finance 2017 142 M
Yield 2017 1,69%
P/E ratio 2017 15,71
P/E ratio 2018 19,78
EV / Sales 2017 2,26x
EV / Sales 2018 2,09x
Capitalization 37 157 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 91,1 €
Spread / Average Target 2,2%
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Managers
NameTitle
Philippe Petitcolin Chief Executive Officer & Director
Ross McInnes Chairman
Bernard-Pierre Jacques Delpit Chief Financial Officer
Jean-Marc Forneri Independent Director
Patrick Gandil Director
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