Safran Sa Ord (SAFRF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Pierre-Richard Pascal, and let us go straight to the key highlights. We had a strong start to the year with a very solid momentum across both civil, aerospace, and defense. Revenue was up 17% year on year, nearly 14% organically, reaching 7.3 billion euros. growth was once again driven by a robust demand for aftermarket across the board. In particular, on civil engines, sales of spare parts were up by 25%, exceeding our expectations, and sales of services increased by close to 18%. On the strategic front, we have made good progress toward the acquisition of Collins Actuation and Flight Control Activities with the attention of the European Commission approval, subject to ongoing analysis on the divestment of North American Electromechanical Actuation Business and Woodward suitability as a purchaser. And the close of the consultation period by the CMA in the UK on this divestment. Decisions are still pending. Our current performance and the strong momentum we are seeing in our markets give us high confidence in meeting our full year targets while keeping potential tariff impact out of the equation. Let us turn to slide four, highlighting strong momentum across our civil and defense and space activities. got additional orders from Malaysian Airlines as well as All Nippon Airways. We are pleased to welcome MTU Dallas as our sixth Leap Premier MRO partner, further expanding the Leap Open MRO market, a key point of our strategy that we presented during our last Capital Market Day. Our helicopter engines offering its meeting success with the selection of our Arius 2E engine on the Airbus H140 and our Ariel 2W engine on the new Robinson Air 88 helicopter. In defense and space, we achieved a significant milestone with the successful first commercial flight of Ariane 6 The Fin...