Safran Lifts 2028 Outlook On Strong Civil Engines Aftermarket, Defense Demand

By Cristina Gallardo

Safran increased its 2028 forecasts citing the strong civil engines aftermarket, including maintenance and repairs, and growing defense demand.

The French aerospace-industry supplier on Friday said it now expects adjusted recurring operating income--its preferred measure of profitability--to range between 7 billion euros and 7.5 billion euros ($8.31 billion-$8.91 billion) in 2028.

This compares with a previous estimated range of between 6 billion euros and 6.5 billion euros in 2028.

Safran is also targeting adjusted recurring operating income between 6.1 billion euros and 6.2 billion euros this year.

The raised outlook comes as the company said it made 5.20 billion euros in adjusted recurring operating income, up 26% on the prior year, as well as 3.17 billion euros in adjusted net profit in 2025, an on-year increase of 3%.

Adjusted revenue jumped 15% to 31.33 billion euros in 2025, it added.

Safran will propose a dividend of 3.35 euros per share, which represents a 16% increase on 2024's dividend, it said.

Write to Cristina Gallardo at cristina.gallardo@wsj.com

(END) Dow Jones Newswires

February 13, 2026 01:27 ET (06:27 GMT)