By Pierre Bertrand
Dow Jones-Safran implemented more than expected in the first quarter thanks to a strong after-market service business. The French air and space supplier reported adjusted sales of 7.26 billion euros, which is an increase of 17 percent. Organically, the increase is 14 percent. According to a consensus published by the company, analysts have expected adjusted sales of only 7.05 billion euros.
The result was borne by the company’s drive division, where adjusted sales increase by 19 percent to 3.68 billion euros. The background to the clear plus was the demand for spare parts and services for civil engines. The area of equipment and defense recorded an increase in sales by 14 percent to 2.78 billion euros.
Saffran confirmed the annual forecast, but without taking possible effects of tariffs that claims that they cannot yet be quantified. However, the company already adapts supply chains and is working with customers to mitigate the economic effects of the tariffs.
Contact with the author: [email protected]
DJG/DJN/Kla/Rio
(End) Dow Jones Newswires
April 25, 2025 01:56 ET (05:56 GMT)
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