Aerospace Supplier Safran Lifts Guidance on Strong Demand for Civil Engines, Parts

By Adria Calatayud

France's Safran raised its full-year guidance, citing stronger-than-expected demand for LEAP civil aircraft engines and spare parts.

The aerospace-industry supplier on Tuesday forecast annual revenue to grow by a figure in the mid-teens percentage range on an adjusted basis, with recurring operating profit forecast at 6.4 billion to 6.5 billion euros ($7.28 billion-$7.39 billion).

The company had previously expected full-year revenue to rise by a low- to mid-teens percentage and recurring operating profit to range from 6.1 billion to 6.2 billion euros, on an adjusted basis.

Safran has benefited from rising deliveries of LEAP aircraft engines--which it makes through its CFM joint venture with GE Aerospace--as well as continued demand for aftermarket services and growing orders for defense equipment.

The company reported a first-half net profit of 1.75 billion euros, down from 5.045 billion euros for the year-earlier period, when its results benefited from a large foreign-exchange gain. Revenue climbed to 17.245 billion euros from 14.865 billion euros.

Adjusted revenue jumped 19% to 17.57 billion euros, with recurring operating profit up 29% at 3.24 billion euros. Those figures compared with analysts' estimates of 17.47 billion euros and 3.06 billion euros, respectively, according to a company-compiled consensus.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

July 28, 2026 01:45 ET (05:45 GMT)