Oct 31, 2023, (c) Leeham News: Robust demand in the civil aftermarket sector has helped propel Safran Group's Q3 2023 revenues upwards. The French firm shared its latest sales results on October 27 and confirmed that it was on track to achieve its year-end targets – but the positive performance hasn't been universal.
A choppy combination of headwinds and tailwinds is currently buffeting the business, whose vast range of interests includes engine development, aftermarket, aircraft interiors, and other MRO-related sectors.
Overall, revenues were up 20.1% year-on-year at €5.82bn, tracking estimates of €5.79bn. As a result, the company reiterated its FY23 adjusted revenue guidance of €23bn, which was raised at the end of July.