Engines
Safran Logs Record Profits With Engine Sales and Dollar Rising
Strong growth in aftermarket revenues also contributed to a strong first half of 2015 for Safran.
Safran, which has a 50 percent stake in the CFM International joint venture that makes the fast-selling Leap engines, achieved record profits in the first half of 2015. (Photo: CFM International)
Safran, which has a 50 percent stake in the CFM International joint venture that makes the fast-selling Leap engines, achieved record profits in the first half of 2015. (Photo: CFM International)


Strong performance in its aircraft engines and systems divisions was key drivers of 16.6 percent revenue at French group Safran for the first half of 2015. On total revenues of €8.4 billion ($9.2 billion), it achieved record levels of profitability, with recurring operating income up by almost 23 percent compared with the first half of 2014 at 13.9 percent of overall revenues. The strengthening of the U.S. dollar was a significant contributor to the improved balance sheet.