French jet engine manufacturer Safran posted a 16.7% rise in first-quarter revenues, reaching €7.257 billion ($8.2 billion), beating market expectations. Growth was driven primarily by a 19% increase in its propulsion unit and strong performance across all divisions. On a like-for-like basis, revenues rose by 13.9%, surpassing analyst forecasts of €7.049 billion. CEO Olivier Andries highlighted continued robust momentum in both civil and defense sectors. Safran is also exploring strategies to mitigate potential tariff impacts, though specific figures are not yet available.
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