Safran reported strong first half results, with profits up 12% to €1.65bn for the period.
The company said the strong results was driven by demand for aftermarket services as well as its ramp up in deliveries for the LEAP engines, along with growth across its businesses.
The company's revenues for the period were up 13% to €13bn, while operating income rose 27% to €2.5bn.
Aftermarket revenue was up 21.3% and original equipment sales were up 9.7% in the period.
“Safran delivered excellent results in the first half of 2025 achieving a record operating margin of 17% as well as unprecedented cash generation, driven by robust civil engine aftermarket activities,” said Safran CEO Olivier Andries.
The company generated a free cash flow of €1.8bn.
Following its strong results, the company raised its full year 2025 guidance.
Revenue growth is now expected to be in the low teens, raised from around 10%. Recurring operating income is expected to be €5-5.1bn, up from €4.8-4.9bn. Free cash flow is expected to be between €3.4bn and €3.6bn. The outlook excludes the contribution of Collins Aerospace's actuation & flight controls business as well as any potential impact of tariffs.