Safran: Safran Reports 14% Revenue Growth in Q1, Reaffirms Full-Year Guidance

Safran announced on Friday stronger-than-expected first-quarter revenue growth and expressed confidence in achieving its full-year targets, excluding the impact of tariffs. The French aerospace equipment manufacturer recorded first-quarter revenue of €7.257 billion, up 13.9% on an organic basis. Analysts had anticipated average first-quarter revenue of €7.049 billion, according to a company-compiled consensus. The group "is actively working to mitigate the economic impact of tariffs," Safran CEO Olivier Andriès said in a statement, though he added that it "would be premature" to quantify this impact at present. Civil and defense aerospace activities continue to show "strong momentum," Andriès noted, further reinforcing the group's "great confidence in achieving [its] annual outlook." Deliveries of LEAP engines, which Safran co-produces in partnership with GE Aerospace, were impacted by supply chain issues and declined by 13% in the first quarter. Safran confirmed its annual guidance, relying in particular on LEAP engine deliveries to increase by between +15% and +20% compared to 2024. (Reporting by Tim Hepher; French version by Camille Raynaud, edited by Augustin Turpin) Safran announced on Friday stronger-than-expected first-quarter revenue growth and expressed confidence in achieving its full-year targets, excluding the impact of tariffs. The French aerospace equipment manufacturer recorded first-quarter revenue of €7.257 billion, up 13.9% on an organic basis. Analysts had anticipated average first-quarter revenue of €7.049 billion, according to a company-compiled consensus. The group "is actively working to mitigate the economic impact of tariffs," Safran CEO Olivier Andriès said in a statement, though he added that it "would be premature" to quantify this impact at present. Civil and defense aerospace activities continue to show "strong momentum," Andriès noted, further reinforcing the group's "great confidence in achieving [its] annual outlook." Deliveries of LEAP engines, which Safran co-produces in partnership with GE Aerospace, were impacted by supply chain issues and declined by 13% in the first quarter. Safran confirmed its annual guidance, relying in particular on LEAP engine deliveries to increase by between +15% and +20% compared to 2024. (Reporting by Tim Hepher; French version by Camille Raynaud, edited by Augustin Turpin)