Feb 14, 2025 / 07:15AM GMT
Operator
Welcome to the Safran full year 2024 results. At this time, I would like to turn the conference over to your host, Olivier Andriès, Safran's CEO; and Pascal Bantegnie, Group CFO.
Mr. Andriès, please go ahead.
Olivier Andries - Safran SA - Chief Executive Officer, Director
Good morning, everyone, and thank you for joining us to our full year 2024 earnings call. I'm here with Pascal.
Starting with our key highlights. 2024 has been a landmark year for Safran with revenues, profits, and cash flows reaching record levels. These achievements were underpinned by strong aftermarket activity across the board. With notably, civil aftermarket activity growing by 25% in dollar terms, supported among other things by the more than 10,000 aircraft in service powered by the second-generation CFM56.
Our focus on operational excellence continues to deliver results. We improved our operating margin by 150 basis points year over year. And we are pleased to see South France seats reaching operating breakeven, marking another milestone in our turnaround
Full Year 2024 Safran SA Earnings Call Transcript
Feb 14, 2025
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