Safran Earnings: Robust Performance Driven by Aftermarket Activities Despite Lower Leap Deliveries

Safran reported robust second-quarter and half-year results, with revenue growing by 19% in the first half of 2024 compared with the same period in 2023, despite fewer-than-expected original equipment deliveries in propulsion. The company achieved a recurring operating margin of 15.1%, an increase of 2.3 percentage points year over year, representing a 41% improvement.