Safran: Aftermarket Strength and Execution Support Fair Value Estimate Increase of 5% to EUR 387
Safran raised 2026 recurring operating income guidance by EUR 300 million to EUR 6.4 billion-EUR 6.5 billion and free cash flow by EUR 300 million to EUR 4.7 billion-EUR 4.9 billion after civil engine spare parts grew 28%, Leap deliveries grew 41%, and group margin rose to 18.4% in the first half.