Record CFM56 production and strong civil aftermarket growth helped Safran’s aerospace propulsion division record an 11% increase in revenue to €7.79 billion ($10.69 billion) and lift operating income 26% to €1.36 billion for 2013. CFM International, the 50-50 joint venture between Safran and GE, produced 1,502 CFM56s – 96 more than in 2012 – and took 1,330 orders to finish the year with a backlog in excess of 5,000 units, and 6,000 for the Leap powerplant that will replace it after 2015.
Civil aftermarket revenue was up 19.2%, driven by first overhauls of recent CFM56 and GE90 engines.
Military propulsion revenues declined slightly as revenue from TP400 deliveries for the Airbus A400M almost offset the decline in sales of the M88, which powers the Dassault Rafale fighter.
Sales of aircraft equipment including nacelles, landing gear and other systems gained 11% to €4.12 billion, and profit soared nearly 33% to €380 million. Increases in OE production rates, particularly on the Boeing 787 and Airbus A330 and A380 programmes, and a continued recovery of the regional jets market segment drove revenue increases in all activities.