Record CFM Deliveries and Backlog Boost Safran | Aviation International News

Record CFM Deliveries and Backlog Boost Safran

With its CFM International partner GE Aviation, Safran is transitioning from production of its CFM56 turbofans to the new Leap engines.

Safran CEO Philippe Petitcolin declared himself very satisfied with the French aerospace group's 2015 financial results. [Photo: Safran]

By Charles Alcock • Managing Editor

February 25, 2016

Strong 2015 financial results for French aerospace group Safran would have been exceptional results, had it not been for a €654 million ($720 million) charge relating to delays in the development of its new Silvercrest engine for business jets. With this write-down, operating profits stood at just over €1.7 billion ($1.9 billion), which was 12.5 percent down on the comparable figure for 2014. However, without it, operating profits would have been €2.4 billion ($2.6 billion), a 16 percent increase. Overall group revenues for last year increased by 13 percent, to €17.4 billion ($19.2 billion).

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