SAFRAN

Safran missed expectations for the quarter, sending its shares down about 9% to a low not seen since May. The weakness dragged down Rolls-Royce, MTU and Melrose; high oil prices are also weighing on the industry. Analysts see the propulsion business as somewhat weaker but highlight strength in the defense segment; some recommend buying for the medium to long term despite geopolitical uncertainties and fuel costs. » Więcej na finanzen.net

In the third quarter Safran’s adjusted revenue rose 15% year-on-year to €9 billion, driven by stronger sales of LEAP engines (535 deliveries, roughly +5%). The engines business grew 14%, the parts and defense businesses also increased, while cabin interiors declined. CEO Olivier Andriès reiterated the annual guidance of revenue growth in the mid-teens and an adjusted operating income of €6.4–6.5 billion; the stock briefly came under pressure and fell about 4.7%. » Więcej na finanzen.net

Safran has upgraded its 2026 forecasts and now expects an adjusted operating profit of €6.4–6.5 billion and revenue growth in the mid‑teens percentage range. Free cash flow is set to rise to €4.7–4.9 billion, about €300 million higher in each case than previously forecast. In the first half, adjusted revenue increased 19% to almost €17.6 billion, adjusted operating profit rose 29% to €3.2 billion, and the margin climbed to 18.4%. Safran delivered 1,030 Leap engines; the stock then gained around 3%, and analysts were positive but remained cautious on price targets. » Więcej na finanzen.net

Safran is in exclusive talks with the Gorge family to acquire their roughly 43.9% stake in Exail Technologies. The offer values Exail at about €2.19 billion, or €128.50 per share. Safran stressed that a deal is not guaranteed; Safran’s share fell more than 2% and Exail shares were suspended after a sharp rise. » Więcej na finanzen.net

SAFRAN and MBDA have entered the final negotiation phase with the French procurement authority over the new long-range artillery system Thundart. The system is intended to enable precision strikes of up to 150 km and to replace the Lance-Roquettes Unitaire. Operational readiness is already being targeted for 2030. The news temporarily pushed SAFRAN shares noticeably higher on Euronext Paris. » Więcej na finanzen.net