France’s Safran raises 2025 outlook after air traffic lifts profit.

French jet engine maker Safran raised its profit and cash forecasts for 2025 on Friday, after posting a 30% jump in annual core income led by 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 and most Airbus narrow-body jets through their CFM International joint venture.

Source: FINANCE.YAHOO