Safran Sa Ord (SAFRF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Saffron Third Quarter 2025 Revenue. At this time, I would like to turn the conference over to your hosts, Olivier Andries, Saffron's CEO, and Pascal Bontenay, Group CFO. Mr. Andries, please go ahead. Good morning, everyone. Thank you for joining us for Saffron's Third Quarter 2025 call. I'm here with Pascal. Let us start with the key highlights. On the quarter, Safran delivered another strong performance in Q3, with IT growth driven by increased volume and services. Adjusted sales reached 7.9 billion euros. Civil aftermarket remained robust, reflecting continued demand from airlines. Spare parts for civil engines were up 16%, largely thanks to CFM56, while services grew by 24%, supported by LEAP contract. Regarding LEAP engine deliveries, output has improved quarter after quarter this year. After a slow start, we have been able to catch up on delays, and in Q3, We reached a new record with over 500 LEAP engines delivered, up 40% year-on-year and 25% from the previous quarter. Over the first nine months of the year, we have delivered a total of 1,240 LEAP engines, a 21% increase compared to last year. These strong results also reflect continued improvements across our supply chain. In addition to these strong operational results, we are excited about our recent acquisition of the actuation of flight control activities from Collins, finalized at the end of July. The strategic move has already contributed to our Q3 performance. Integration is off to a great start. Our teams are fully engaged and focused on unlocking cost synergies and new commercial opportunities. We are confident that this acquisition will be a strong driver for Safran's future performance. Looking at the year-to-date picture, adjusted revenue for the first nine months amounted to €22.6 ...