Safran SA (SAFRY) Q2 2026 Earnings Call Transcript

Operator

Welcome to the Safran Half Year 2026 Results. At this time, I would like to turn the conference over to your host, Mr. Olivier Andries, Safran’s CFO; and Pascal Bantegnie, Group CFO. Mr. Andries, please go ahead.

Olivier Andriès
CEO & Director

Good morning, everyone, and thank you for being with us today. So Q2 continued on the strong trends observed in Q1, resulting in an exceptional first half, marked by a stellar demand in the civil engine aftermarket, a strong ramp-up in LEAP and M88 engine deliveries and record financial performance. The Middle East conflict barely impacted our performance. Civil aftermarket activities remaining well above our pre-conflict forecast. Spare part sales for civil engines increased by 28% in dollar value. And civil engine services also grew by more than 40%. All this despite the geopolitical context in the Middle East.

CFM56 continued to drive spare parts performance with the fleet benefiting from a low level of retirement, combined with a very strong demand for aftermarket. LEAP is also expanding with a fast-growing number of shop visits, significant workscope increase and more shop visits being performed by