FACC lifts revenue and operating profit in first nine months

FACC increased revenue by 14.7 percent to about 800 million euros and operating profit by 86 percent to 40 million euros in the first nine months of its financial year, ORF reported. The publicly listed aviation supplier is based in Upper Austria.

Chief Executive Robert Machtlinger said demand in the aviation industry was creating opportunities for growth. He said the company was using that momentum to increase revenue and improve profitability, with its efficiency programme a key factor.

The aircraft cabin business was the strongest driver of improved results. Growth came mainly from higher deliveries for the Airbus A320 family and business jets, as well as expanded production in Croatia. The aircraft structures and engine components divisions also recorded, in some cases, significant improvements in results.

FACC’s positive performance continued in the third quarter. Revenue rose 28.6 percent to 273.8 million euros, while operating profit increased to 14.6 million euros from 3.1 million euros a year earlier.

The company plans to invest about 350 million euros by 2030. Around 120 million euros of that is earmarked for a new high-tech aircraft structures plant in St. Martin im Innkreis, Upper Austria.

FACC’s management confirmed its outlook for the current financial year, forecasting revenue growth of 10 to 15 percent and an EBIT margin of 5.25 to 6.25 percent.