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Air traffic pushes up demand for engine, equipment

services

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Supply chain risks remain, Safran says

(Adds details from paragraph 4)

PARIS, Feb 14 (Reuters) - French jet engine maker Safran

raised its profit and cash forecasts for 2025 on

Friday, after posting a 30% jump in annual core income on

increased air traffic.

Safran reported 4.119 billion euros ($4.31 billion) in

recurring operating income for the 12 months ended December 31,

as sales rose 18% to 27.317 billion euros in 2024. It forecast

4.8 billion-4.9 billion euros of comparable profit for this

year, with revenue still projected up around 10%.

Analysts were on average expecting 4.132 billion euros in

recurring operating income on revenues of 27.157 billion for

2024, according to a company compiled consensus. They are also

forecasting 4.814 billion euros of core profit for 2025.

Together with GE Aerospace, Safran co-produces the

best-selling LEAP engine for all Boeing ( BA ) and most Airbus

narrow-body jets through their CFM International joint venture.

Safran predicted a 15-20% rise in LEAP deliveries in 2025

and revised upwards a forecast for spare parts revenue, while

warning that risks remained from fragile supply chains. The

forecasts do not include any impact from potential new trade

tariffs.

After a tug of war over scarce engine parts between new

aircraft assembly lines and maintenance shops for existing jets,

Safran CEO Olivier Andreis said meeting the requirements of both

sets of customers remained prioirities for profitable growth.

Overall propulsion revenues rose 15% last year led by

services linked to strong air traffic, Safran said.

Air travel also helped to drive revenues at its Equipment

and Defense division up 18%, with an increase in long-haul

traffic pushing up demand for maintenance of landing systems.

Safran's seats business reached breakeven after significant

restructuring and overall Aircraft Interiors revenue grew 25%.

($1 = 0.9565 euros)