France's Safran raises outlook after air traffic boosts 2024 profit

PARIS, Feb 14 (Reuters) - French jet engine maker Safran SAF.PA on Friday revised up

profit and cash forecasts for 2025 after posting a 30% increase in core income for last year, led by increased air traffic.

Safran reported 4.119 billion euros in recurring operating income as sales rose 18% to 27.317 billion euros in 2024, and predicted 4.8 billion to 4.9 billion euros of comparable profit for this year, with revenue still projected up around 10%.

Analysts were on average expecting 4.132 billion euros in recurring operating income on revenues of 27.157 billion for 2024, according to a company compiled consensus. They are also forecasting 4.814 billion euros of core profit for 2025.