Safran Sa Ord (SAFRF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.936 Welcome to the Saffron Third Quarter 2025 Revenue. 00:00:03.936 -- 00:00:09.645 At this time, I would like to turn the conference over to your hosts, Olivier Andries, 00:00:09.645 -- 00:00:14.031 Saffron's CEO, and Pascal Bontenay, Group CFO. 00:00:14.031 -- 00:00:17.413 Mr. Andries, please go ahead. 00:00:18.357 -- 00:00:20.640 Good morning, everyone. 00:00:20.640 -- 00:00:26.488 Thank you for joining us for Saffron's Third Quarter 2025 call. 00:00:26.488 -- 00:00:30.288 I'm here with Pascal. Let us start with the key highlights. 00:00:30.288 -- 00:00:36.455 On the quarter, Safran delivered another strong performance in Q3, 00:00:36.859 -- 00:00:42.227 with IT growth driven by increased volume and services. 00:00:42.227 -- 00:00:47.773 Adjusted sales reached 7.9 billion euros. 00:00:48.577 -- 00:00:53.766 Civil aftermarket remained robust, reflecting continued demand 00:00:53.766 -- 00:00:55.634 from airlines. 00:00:55.634 -- 00:00:59.938 Spare parts for civil engines were up 16%, 00:00:59.938 -- 00:01:03.260 largely thanks to CFM56, 00:01:03.382 -- 00:01:06.885 while services grew by 24%, supported 00:01:06.885 -- 00:01:08.747 by LEAP 00:01:08.747 -- 00:01:10.747 contract. 00:01:10.809 -- 00:01:15.994 Regarding LEAP engine deliveries, output has improved quarter after quarter this 00:01:15.994 -- 00:01:21.159 year. After a slow start, we have been able to catch up on delays, and 00:01:21.159 -- 00:01:26.428 in Q3, We reached a new record with over 500 00:01:26.428 -- 00:01:28.650 LEAP engines delivered, 00:01:28.650 -- 00:01:31.514 up 40% year-on-year and 25% 00:01:31.514 -- 00:01:34.755 from the previous quarter. 00:01:34.938 -- 00:01:41.586 Over the first nine months of the year, we have delivered a total of 1,240 00:01:41.586 ...