Safran Posts Double-Digit Revenue Growth on Surge in Engine Deliveries
By Cristina Gallardo
Safran's adjusted revenue climbed in the first quarter, driven by a surge in deliveries of LEAP aircraft engines.
The French aerospace group said Thursday that adjusted revenue for the period rose 19% to 8.62 billion euros ($10.12 billion) in the first quarter, while consolidated revenue amounted to 8.49 billion euros, up from 7.38 billion euros in the same period of 2025.
This growth was mostly driven by a 63% jump in deliveries of LEAP engines, which power Airbus and Boeing aircraft. Sales of spare parts and services went up 29% and 43% respectively, Safran said.
Order intake for defense activities continued its good momentum, mostly due to strong demand from Europe, it added.
The company backed its 2026 outlook. It continues to expect recurring operating income between 6.1 billion and 6.2 billion euros, and free cash flow between 4.4 billion and 4.6 billion euros.
Write to Cristina Gallardo at cristina.gallardo@wsj.com
(END) Dow Jones Newswires
April 23, 2026 01:26 ET (05:26 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States