Civil aftermarket lifts half-year at Safran propulsion arm

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Safran Group’s aerospace propulsion division turned in an 18% rise in operating income to €745 million ($970 million) over the first half, buoyed by the civil aftermarket.

Increased volume and “better mix”, says the company, resulted in “modestly higher” civil original equipment sales.

But it says that strong growth in the CFM International CFM56 and General Electric GE90 aftermarket increased the division’s services revenue by over 7%.

Services represented almost 50% of revenues for the first half, adds Safran, which were up by 2.5% to €3.76 billion.

Safran Group’s aircraft equipment division generated a near-10% rise in revenues for the six-month period. This was mainly attributable to higher deliveries of systems such as landing-gear and wiring on the Boeing 787, as well as nacelles for the Airbus A380 and A330.