The Austrian aviation supplier FACC AG was able to increase EBIT by 2021 million euros to 37,3 million euros in the first half of 2,9. The group thus returned to profitability. Last year they were deep in the red.

According to FACC AG, the half-year sales in 2021 of 240,2 million euros should show the market recovery. “Our goal was the turnaround and we achieved it. FACC responded quickly to the sudden challenges with a stringent efficiency enhancement program. In addition to the necessary adjustments in our core aviation business, we have expanded our strategy to include drones and space applications, ”reports Robert Machtlinger, CEO of FACC AG. "After the first six months we are noticing a steady recovery in the aviation market, and the forecasts for 2022 also promise a further increase in demand."

Strong growth forecast

Consolidated sales in the second quarter of 2021 were 20,8 percent above the quarterly sales of the previous year. A further positive development of the market situation is expected for the second half of the year. The management assumes a turnover of around 500 million euros. The EBIT should be slightly positive.

The company expects renewed growth in 2022: programs that are essential for FACC will benefit from market developments. The Airbus A320 family, the most important aircraft platform for FACC with a group turnover share of over 30 percent, is particularly positive. Planned new projects will provide an additional boost. “Based on the current developments, we are assuming a return to the growth path from 2022”, concluded Machtlinger.