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    Tristan Sanson

    Senior Equity Analyst at BNP Paribas

    Tristan Sanson is a Senior Equity Analyst at Exane BNP Paribas, specializing in European industrials and aerospace sectors, with coverage of major firms such as MTU Aero Engines and Airbus SE. Demonstrating a strong performance track record, Sanson boasts a 71% success rate on TipRanks with an 18.6% average return per recommendation, and is ranked among the top 2,500 Wall Street analysts. Since joining Exane BNP Paribas, he has been recognized for insightful stock calls, including an upgrade of MTU Aero Engines after notable outperformance in 2023. Sanson holds extensive experience in European equity research and participates in key industry earnings calls, underlining robust professional credentials and sector expertise.

    Tristan Sanson's questions to Airbus SE/ADR (EADSY) leadership

    Tristan Sanson's questions to Airbus SE/ADR (EADSY) leadership • Q1 2024

    Question

    Tristan Sanson asked about the specific investment plan (footprint, tooling, staffing) needed to increase A350 production from 10 to 12 per month and requested an outlook for the full-year Defence & Space (D&S) margin.

    Answer

    CEO Guillaume Faury explained that the A350 production system was originally sized for a rate of around 13 per month, so the ramp to 12 fits within the existing overall industrial frame without needing new plants. The investment is marginal but important for supply chain capability and workforce. CFO Thomas Toepfer added that for the full year, he expects a 'solid mid-single-digit margin' for Defence & Space, showing clear improvement and progress towards the long-term ambition.

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