France’s Safran confirms outlook after stronger than expected Q1 jet engine revenue

GE Aerospace

GE Aerospace

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By Olivier Cherfan

April 23 (Reuters) - French jet engine maker Safran SAF.PA on Thursday reported a stronger-than-expected rise in first-quarter revenue and said it expected to reach the high end of its previously announced full-yearyear forecast despite the conflict in the Middle East.

Safran, which also makes landing gear, brakes and cabin interiors, said adjusted revenue rose 18.8% to 8.62 billion euros ($10.08 billion), supported by strong LEAP engine deliveries surging over 60% and sales of spare parts and services rising 29% and 43% respectively.

Widely watched spare parts revenue for civil engines grew by 29.3% in dollar terms.

"Order intake for defence activities continued its good momentum, driven by strong demand, notably throughout Europe," CEO Olivier Andriès said in a statement.

Safran co-produces LEAP jet engines for narrow-body Boeing and Airbus jetliners with GE Aerospace GE.N through their CFM International venture, the world's largest engine maker by units sold.

Analysts were on average expecting revenues of 8.28 billion euros, according to a consensus compiled by the company.

Safran guides for 2026 revenue to rise by a low- to mid-teens percentage, with recurring operating income of 6.1 to 6.2 billion euros and free cash flow of 4.4 to 4.6 billion euros.

($1 = 0.8549 euros)


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