Safran Sa Ord (SAFRF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the SAFRAN half-year 2025 results. At this time, I would like to turn the conference over to your hosts, Olivier Andries, SAFRAN's CEO, and Pascal Bontenis, Group CFO. Mr. Andries, please go ahead. Good morning, everyone, and thank you for joining us for SAFRAN's first half 2025 results call. I will go through the presentation together with Pascal. First of all, we are pretty excited with the current trends in our markets. Those of you who attended the Paris Airshow were able to witness the renewed dynamism of our commercial and defense customers and their appetite for our new technologies. At the same time, NATO members have agreed on planned increase in defense spending. which will translate ultimately into new market opportunities for Safran. We are also pleased to report some improvements in the supply chain for the first time in a long time. We welcome the progress made on a transatlantic agreement to remove tariffs on aerospace products, which is a positive step for the industry. In parallel, we continue to implement targeted mitigation measures to manage any potential impact. Once again, Safran delivered a record performance this semester with double-digit growth across all key metrics. Note that we delivered a 17% operating margin, which exactly represents the midpoint of our 16 to 18% guidance provided back in December 2021. Civil aftermarket continues to perform very well across the board. In light of this momentum, we raise once again our full year guidance. Two additional information from July news flow. First, on July 21st, we succeeded to close the acquisition of calling saturation and flight control activities after a long journey. This is a key milestone in strengthening our flight control offering. The teams are now focused to deliver the ...