Olivier Andriès
Chairman and Chief Executive Officer, Safran
Replay available
Safran Sa Ord (SAFRF) Q2 2026 Earnings Call
Safran Sa Ord (OTC: SAFRF) Q2 2026 earnings conference call, held 2026-07-28. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.111 -- 00:00:05.495 Good morning, everyone, and thank you for being with us today. 00:00:05.495 -- 00:00:11.880 So, Q2 continued on the strong trends observed in Q1, 00:00:11.880 -- 00:00:15.983 resulting in an exceptional first half, 00:00:15.983 -- 00:00:19.025 marked by a stellar demand 00:00:19.025 -- 00:00:21.807 in the civil engine aftermarket, 00:00:21.807 -- 00:00:26.550 a strong ramp-up in LEAP and M88 00:00:26.550 -- 00:00:28.420 engine deliveries, 00:00:28.420 -- 00:00:31.721 and record financial performance. 00:00:31.721 -- 00:00:35.762 The Middle East conflict barely impacted 00:00:35.762 -- 00:00:37.543 our performance. 00:00:37.543 -- 00:00:43.464 Civil aftermarket activity is remaining well above our pre-conflict 00:00:43.464 -- 00:00:45.365 forecasts. 00:00:45.365 -- 00:00:51.686 Spare parts sales for civil engines increased by 28% in dollar value 00:00:51.686 -- 00:00:55.187 and civil engine services also grew by more than 40%. 00:00:55.187 -- 00:00:57.287 All this 00:00:58.222 -- 00:01:03.385 despite the geopolitical context in the Middle 00:01:03.385 -- 00:01:09.008 East. CFM 56 continued to drive spare parts performance 00:01:09.008 -- 00:01:14.372 with a fleet benefiting from a low level of retirement 00:01:14.372 -- 00:01:20.034 combined with a very strong demand for aftermarket. 00:01:20.095 -- 00:01:24.397 LEAP is also expanding with a fast-growing 00:01:24.397 -- 00:01:29.420 number of show visits Significant wear scope increase and more 00:01:29.420 -- 00:01:33.482 shop visits being performed by third-party 00:01:33.482 -- 00:01:37.543 maintenance repair and overall shops. 00:01:38.024 -- 00:01:40.805 We delivered 1,030 00:01:40.805 -- 00:01:44.567 LEAP engines in H1, 00:01:44.567 -- 00:01:50.630 a 41% increase year-on-year,...