Record CFM56 production rates in 2014

Aerospace giant Safran generated revenues of €15.4bn ($17.5bn) in 2014, a 6.9 per cent increase on 2013, as production rates of the CFM56 hit a new record of 1,560 engines.

Aerospace giant Safran generated revenues of €15.4bn ($17.5bn) in 2014, a 6.9 per cent increase on 2013, as production rates of the CFM56 hit a new record of 1,560 engines.

In publishing its annual results, the group also reported an 11.3 per cent growth in revenues (in US$) from aftermarket support services, driven in particular by the first overhauls of newer CFM56 and GE90 engines.

Revenue from new equipment meanwhile was up 9.1 per cent year on year, as a result of increased production rates for the 787 and A350.

Overall, the group’s operating income was up 17.4 per cent on 2013’s figures.

In its guidance for 2015, Safran predicts that growth will continue though at a slower pace than in 2014, with operating income expected to rise in “low double digits” and revenue from the civil aftermarket to increase 10 per cent.

TAGS: Europe
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