Paris, France – Safran SA, a leading aerospace company, recently held its Q1 2024 Earnings Conference Call with key executives discussing the company’s performance in the first quarter. The call was attended by various financial analysts from top firms such as Bank of America, Bernstein, and UBS, among others.

During the call, Safran CEO Olivier Andries and Group CFO Pascal Bantegnie highlighted the positive trends in air traffic dynamics, with narrowbody and widebody air traffic showing encouraging numbers. They also discussed the company’s solid revenue growth in Q1 2024, driven by services and original equipment. Key achievements and business successes in various sectors, including civil engines, helicopter engines, military engines, and equipment, were also shared during the call.

Pascal Bantegnie provided insights into foreign exchange trends and revenue figures for the quarter. The company reported significant organic growth in defense sales within the Equipment & Defense sector, with a sustainable outlook for the future. They also discussed their recent acquisition of Air Liquide’s aeronautical oxygen and nitrogen activities.

The executives addressed questions regarding LEAP engine deliveries, spare engine sales, and the impact of Boeing’s production rate changes on Safran’s business. They reassured analysts about the phasing effect observed in LTSA contracts and the company’s ability to manage spare part production effectively.

In conclusion, Safran reiterated its financial objectives for 2024 and expressed confidence in meeting its targets for the year. Analysts expressed interest in the company’s future M&A priorities and potential growth areas. The conference call concluded with a positive outlook for Safran’s performance in the upcoming quarters.