SARO Latest Report

Performance Review

StandardAero's total operating revenue reached $1.41 billion as of December 31, 2024, up 21.06% from $1.158 billion in 2023. This growth reflects the company's improved competitiveness in the market and increased customer demand.

Key Financial Data

1. StandardAero's operating revenue grew by 21.06% year-on-year, indicating a significant improvement in the company's market sales capabilities.

2. The aviation maintenance industry as a whole gradually recovered, with a double-digit growth rate in 2024, indicating a warming market demand.

3. StandardAero expanded its customer base and improved overall profitability by launching new services and products.

4. The effective implementation of cost control strategies allowed for an increase in gross profit despite rising sales costs, enhancing the company's profitability.

Peer Comparison

1. Industry-wide analysis: The aviation maintenance and service industry experienced a significant rebound after the pandemic, with the global aviation maintenance market's total demand expected to reach $1.2 trillion from 2024 to 2033, showing great development potential [source](https://www.chinabgao.com/info/1252658.html).

2. Peer evaluation analysis: StandardAero's 21.06% growth in operating revenue outpaced many companies in the same industry, demonstrating its advantages in market expansion. Operating revenue growth for other industry companies generally fell below 20%, indicating StandardAero's competitive advantage in customer service and market strategy.

Summary

StandardAero performed well in 2024, with a significant increase in total operating revenue, mainly due to the recovery of market demand, the launch of new products, and effective cost control. Overall, the recovery of the aviation maintenance industry provided the company with good development opportunities.

Opportunities

1. With the recovery of the aviation market, industry demand continues to grow, allowing StandardAero to further expand its market share.

2. Collaborations with major aircraft engine manufacturers can help enhance the competitiveness of after-sales services.

3. Through continuous product innovation and service expansion, StandardAero can attract more customers and further enhance operating revenue.

Risks

1. Increased competition within the industry, with other companies actively expanding their markets, may affect StandardAero's market share.

2. Global economic fluctuations may lead to changes in the aviation industry's demand, affecting the company's revenue stability.

3. The effectiveness of cost control measures needs to be continuously monitored, and if they cannot be maintained, may put pressure on profitability.