Safran: Safran Posts Revenue Beat, Lifted by Civil Aftermarket Services

Safran Posts Revenue Beat, Lifted by Civil Aftermarket Services · The Wall Street Journal In This Article: Safran's first-quarter revenue exceeded expectations, reflecting what it said was substantial growth in civil aftermarket services. 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.