Safran Sa Ord (SAFRF) Q1 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Safran Sa.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:01.330 -- 00:00:05.835 Welcome to the Saffron first quarter 2026 revenue. 00:00:05.835 -- 00:00:10.199 At this time, I would like to turn the conference over to your host, Olivier Andries, 00:00:10.199 -- 00:00:15.165 Saffron CFO, and Pascal Montigny, Group CFO. 00:00:15.165 -- 00:00:18.466 Mr. Andries, please go ahead. 00:00:19.029 -- 00:00:23.774 Thank you. Good morning, everyone, and thank you for joining us. 00:00:23.774 -- 00:00:27.318 We had a very strong first quarter 00:00:27.318 -- 00:00:29.740 with revenue reaching 8.6 00:00:29.740 -- 00:00:33.841 billion euros, up 23% organically. 00:00:34.044 -- 00:00:39.710 We continue to benefit from a solid momentum in both aerospace 00:00:39.710 -- 00:00:41.431 and defense, 00:00:41.431 -- 00:00:47.456 with little to no impact from the Middle East conflict so far. 00:00:47.518 -- 00:00:53.124 Once again, our main growth driver is aftermarket. 00:00:53.124 -- 00:00:58.430 We saw vigorous demand across the board, especially 00:00:58.430 -- 00:01:02.754 for commercial engines, and nacelles. 00:01:02.877 -- 00:01:08.505 Sales of spare parts for civil aircraft engines were up 29%, 00:01:08.505 -- 00:01:10.088 mostly 00:01:10.088 -- 00:01:13.670 thanks to the CF-156. Services 00:01:14.754 -- 00:01:19.181 for civil aircraft engines increased by 43%, with 00:01:19.181 -- 00:01:20.623 LEAP 00:01:20.623 -- 00:01:24.626 red-per-cylinder contracts leading the way. 00:01:24.689 -- 00:01:29.777 At the same time, Basing on our excellent industrial performance in the 00:01:29.777 -- 00:01:32.360 second half of 2025, 00:01:32.360 -- 00:01:38.248 we continued the deep ramp-up, with more than 500 deliveries 00:01:38.248 -- 00:01:42.450 this quarter, up 63% year-on-year, 00:01:42.473 -- 00:01:47.899 and marking the third con...