France · Delayed Price · Currency is EUR Safran Earnings Call Transcripts
Fiscal Year 2026
-
Q3 revenue rose 14.7% reported, with strong aftermarket and defense demand. FY 2026 objectives were reaffirmed, alongside higher investment plans and a LEAP-1B profit-recognition shift to 2027.
-
Record H1 results with 20% organic revenue growth, 29% higher recurring operating income, and 43% free cash flow increase, driven by strong civil engine aftermarket and defense. Full-year guidance raised for revenue, operating income, and cash flow, with robust demand and pricing power across all segments.
-
Q1 2026 revenue rose 23% organically to EUR 8.6 billion, driven by strong aftermarket and LEAP engine demand, with robust growth across civil, defense, and interiors segments. Management remains confident in reaching the high end of 2026 guidance, despite Middle East uncertainties.
Fiscal Year 2025
-
Record 2025 results driven by strong aftermarket, LEAP engine ramp-up, and robust defense growth. 2026 guidance calls for continued revenue and profit expansion, with raised 2028 targets and significant investments in capacity and technology.
-
Q3 2025 saw robust growth with revenue up 18% year over year, record LEAP engine deliveries, and strong aftermarket and services performance. Full-year guidance was upgraded across all metrics, with tariff and currency risks managed, and the Collins Aerospace acquisition already contributing positively.
-
Record H1 2025 results with double-digit growth, 17% margin, and strong cash flow. Guidance raised for revenue, operating income, and free cash flow, driven by robust civil and defense demand, new contracts, and successful acquisitions.
-
Revenue grew 17% year-over-year to EUR 7.3 billion, led by strong aftermarket and services demand, with robust performance across civil, defense, and interiors segments. Guidance was raised for spare parts growth, and confidence remains high in meeting full-year targets, excluding tariff impacts.
Fiscal Year 2024
-
Record 2024 results with revenue up 18% and net income up 52%, driven by strong aftermarket and services growth. 2025 guidance raised, targeting 10% revenue growth and higher margins, with continued focus on supply chain, sustainability, and capital returns.
-
Management outlined a strategy for sustained growth, driven by strong demand in civil and defense markets, robust aftermarket dynamics, and a focus on supply chain resilience and decarbonization. Financial targets through 2028 exceed previous guidance, with significant shareholder returns and investments in innovation, MRO, and sustainability.
-
Revenue grew 17.4% in the first nine months of 2024, with Q3 up 14% year-over-year, driven by strong aftermarket and services. Guidance was updated to EUR 27.1 billion in revenue and EUR 4.1 billion EBIT, as supply chain issues persist, especially for LEAP engines.
-
H1 2024 saw strong revenue and margin growth, with EBIT margin at 15.1% and free cash flow of €1.5 billion. Supply chain issues impacted LEAP engine deliveries, but aftermarket and services demand remained robust. Full-year guidance is reaffirmed, with continued focus on cash flow and supply chain management.