Finance
Safran targets higher 2026 profit as jet engine services prosper
Published by Global Banking & Finance Review®
Posted on February 13, 2026
2 min readLast updated: February 13, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 13, 2026
2 min readLast updated: February 13, 2026
Safran forecasts increased profits by 2026, driven by strong demand for jet engine services and growth in the defense sector.
PARIS, Feb 13 (Reuters) - French aerospace group Safran forecast increased revenue and earnings for 2026 on Friday, after boosting profitability last year on the back of strong aftermarket demand for its civil jet engines.
Safran, which co-produces engines for Airbus and Boeing jets with GE Aerospace under their CFM venture, projected 6.1 billion to 6.2 billion euros ($7.2 billion to $7.4 billion) in recurring operating profit for this calendar year.
That was on an estimated percentage rise in revenue in the "low to mid teens" over the period. A French version of its earnings release specified this as an increase of 12% to 15%.
For 2025, Safran posted a 26% rise in recurring operating income on an adjusted basis to 5.2 billion euros, with a margin gain of 1.5 percentage points to 16.6%.
Adjusted revenue rose 15% to 31.33 billion euros as the company also generated 3.92 billion euros in free cashflow.
Analysts on average expected total recurring operating income of 5.22 billion euros on revenue of 31.49 billion euros and free cashflow of 3.66 billion euros, according to a company-compiled consensus.
Services revenue for civil engines increased by 30% in U.S. dollar terms, Safran said.
Demand for air travel and continued interest in flying older jets amid delays in new production buoyed aftermarket sales.
The company noted positive momentum in defence due in part to new orders for the Rafale fighter, for which it makes engines.
Safran upgraded its financial targets for 2028, raising a forecast for recurring operating income to 7.0 billion to 7.5 billion euros, from the 6.0 billion to 6.5 billion euros it projected at an investor day in 2024.
($1 = 0.8430 euros)
(Reporting by Tim Hepher; Editing by Kevin Buckland)
Recurring operating profit refers to the profit generated from a company's core business operations, excluding any income from non-recurring events or activities.
Free cash flow is the cash generated by a company after accounting for capital expenditures. It represents the cash available for distribution among all securities holders.
Aftermarket demand refers to the need for services and parts for products after their initial sale, particularly in industries like aviation and automotive.
Revenue growth is the increase in a company's sales over a specific period, often expressed as a percentage compared to previous periods.
Operating income is the profit a company makes from its regular business operations, calculated by subtracting operating expenses from gross income.
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