Safran Posts Revenue Beat, Lifted by Civil Aftermarket Services

By Pierre Bertrand

Safran's first-quarter revenue exceeded expectations, reflecting what it said was substantial growth in civil aftermarket services.

The French aerospace-industry supplier on Friday reported adjusted revenue of 7.26 billion euros, equivalent to $8.27 billion, up 17% in reported terms and 14% organically.

Analysts had forecast 7.05 billion euros in adjusted revenue, according to a company-provided market consensus.

The result was driven by the company's propulsion business, where adjusted revenue grew 19% in reported terms to 3.68 billion euros, outpacing growth at Safran's other units thanks to demand for civil engine spare parts and services.

Meanwhile, Safran's equipment and defense unit posted a 14% rise to 2.78 billion euros, led by demand for nacelles, landing systems and electronic equipment. The aircraft interiors business achieved 788 million euros in the period, a 17% increase.

Safran confirmed its guidance for the year, though its outlook excludes any potential effects from tariffs, which it said remain too early to quantify.

Still, Safran is adapting supply flows and engaging with its customers to mitigate the economic toll from tariffs. That includes using free trade zones and bonded warehouses, seeking reimbursements and applying for applicable exemptions.

Write to Pierre Bertrand at [e-mail]

(END) Dow Jones Newswires

04-25-25 0114ET