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Full Year 2018 Safran SA Earnings Call Transcript
Welcome to the Safran Full Year 2018 Results Conference Call. At this time, I would like to hand over the call to your host, Philippe Petitcolin, Safran's CEO; and Bernard Delpit, Group CFO. Mr. Petitcolin, please go ahead.
Good morning, and welcome to our call to discuss our full year 2018 results. 2018 was another very successful year for Safran. We delivered what I consider to be an excellent financial performance. On the operational side, execution was strong, particularly in the context of the unprecedented LEAP ramp-up. Safran completed the acquisition of Zodiac Aerospace in February 2018, expanding its footprint on the aerospace and defense market. From day 1, the group has been committing the required resources to smoothly integrate the businesses and the talent for Zodiac Aerospace. Safran is ideally positioned for future success as presented at the Capital Market Day last November.
So let's proceed with the presentation. I'll start with 2018 financial and business highlights, then Bernard
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