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France's Safran raises outlook after air traffic boosts 2024 profit
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France's Safran raises outlook after air traffic boosts 2024 profit
Feb 13, 2025 10:28 PM

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

on Friday revised up

profit and cash forecasts for 2025 after posting a 30% increase

in core income for last year, led by increased air traffic.

Safran reported 4.119 billion euros in recurring operating

income as sales rose 18% to 27.317 billion euros in 2024, and

predicted 4.8 billion to 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.

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