Safran rises after record H1 margin, guidance upgrade
28/07/2026 09:04
BUZZ-Safran rises after record H1 margin, guidance upgrade ** Shares in Safran SAF.PA rise 2.6% after the French jet engine maker posted record first half margin and raised its full-year targets
** "We believe a guidance raise was widely anticipated by investors, but we believe the guidance raise was strong," analysts at RBC capital markets said
** Its H1 adjusted EBIT came in at €3.2 billion ($3,64 billion), representing an 18.4% margin, beating consensus by 90bps
** The company raised its full-year targets across all key financial metrics
** "We also expect the outlook on the defence portfolio to be topical, along with capital allocation and the broader aero supply chain," it added
($1 = 0.8795 euros)
(Reporting by Hugo Lhomedet)
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