Safran Sa Ord (SAFRF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.136 Pierre-Richard Pascal, and let us go straight to the key highlights. 00:00:06.318 -- 00:00:11.704 We had a strong start to the year with a very solid momentum 00:00:11.704 -- 00:00:17.430 across both civil, aerospace, and defense. 00:00:17.430 -- 00:00:21.795 Revenue was up 17% year on year, 00:00:21.795 -- 00:00:24.856 nearly 14% organically, 00:00:25.219 -- 00:00:27.221 reaching 7.3 00:00:27.221 -- 00:00:32.627 billion euros. growth was once again driven 00:00:32.627 -- 00:00:38.014 by a robust demand for aftermarket across the board. 00:00:38.014 -- 00:00:43.220 In particular, on civil engines, sales of spare parts were up 00:00:43.220 -- 00:00:46.401 by 25%, exceeding 00:00:46.764 -- 00:00:48.706 our expectations, 00:00:48.706 -- 00:00:53.850 and sales of services increased by close to 18%. 00:00:55.234 -- 00:01:00.384 On the strategic front, we have made good progress toward the acquisition 00:01:00.384 -- 00:01:03.887 of Collins Actuation and Flight Control Activities 00:01:03.887 -- 00:01:06.369 with the attention 00:01:06.369 -- 00:01:11.854 of the European Commission approval, subject to ongoing analysis on the divestment 00:01:11.854 -- 00:01:17.359 of North American Electromechanical Actuation Business and Woodward suitability 00:01:17.359 -- 00:01:19.601 as a purchaser. 00:01:19.601 -- 00:01:24.645 And the close of the consultation period by the CMA in the UK on this 00:01:24.645 -- 00:01:26.347 divestment. 00:01:26.347 -- 00:01:29.428 Decisions are still pending. 00:01:29.671 -- 00:01:34.677 Our current performance and the strong momentum we are seeing in our markets give 00:01:34.677 -- 00:01:36.679 us high confidence 00:01:36.679 -- 00:01:41.926 in meeting our full year targets while keeping potential tariff impact 0...