Safran SA (OTCPK:SAFRY) Q3 2025 Sales Call October 24, 2025 2:30 AM EDT
Company Participants
Olivier Andriès – CEO & Director
Pascal Bantegnie – CFO & Group Treasurer
Conference Call Participants
Christophe Menard – Deutsche Bank AG, Research Division
Benjamin Heelan – BofA Securities, Research Division
Chloe Lemarie – Jefferies LLC, Research Division
Ross Law – Morgan Stanley, Research Division
Kenneth Herbert – RBC Capital Markets, Research Division
Samuel Burgess – Goldman Sachs Group, Inc., Research Division
Olivier Brochet – Rothschild & Co Redburn, Research Division
Ian Douglas-Pennant – UBS Investment Bank, Research Division
Presentation
Operator
Welcome to the Safran Third Quarter 2025 revenue.
At this time, I would like to turn the conference over to your host, Olivier Andries, Safran’s CEO; and Pascal Bantegnie, Group CFO. Mr. Andries, please go ahead.
Olivier Andriès
CEO & Director
Good morning, everyone. Thank you for joining us for Safran’s Third Quarter 2025 call. I’m here with Pascal. Let us start with the key highlights of the quarter. Safran delivered another strong performance in Q3 with high teens growth driven by increased volume and services. Adjusted sales reached EUR 7.9 billion. 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 rate per flight hour 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 9 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
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