The aircraft supplier FACC is also feeling the effects of the corona crisis. There were significant declines in the second quarter in particular: because 80 percent of the world's aircraft fleets remained on the ground for months and takeovers of new aircraft were postponed, there were almost no new aircraft orders. This had a negative impact on the company's sales: In the first half of 2020, they amounted to 292,1 million euros. 26 percent less than in the previous year (394,9 million euros).
The operating result also suffered as a result. This value fell to -36,9 million euros (2019: -5,2 million euros). After taxes, the loss after six months was 41 million euros. Although the situation is currently difficult to assess, the management has the confidence to make a forecast for the current financial year. The sales forecast for the 2020 financial year would be between 500 and 520 million euros. The loss should be between 55 and 65 million euros. The general rule is: The next financial years will be “demanding”. Based on today's assessment, we will reach the level that we had before the Corona crisis in 4 - 5 years ”, says board member Robert Machtlinger.
Therefore there is a risk of massive job cuts. In the worst case, almost 700 employees - mostly from Austria - would have to believe in it. Short-time work expires in September.