FACC AG, a supplier to the aviation industry, including key Airbus cabin areas, reports it successfully continued its growth path in the 2023 financial year, achieving a 22.8% increase in revenue, taking it to €745.6 million. This annual revenue generation is the third-highest in the company’s history since it was founded in 1989 (find out more in our Showcase issue), and reflects the rapid recovery of the international aviation industry.
The company’s FY2023 EBIT more than tripled compared to the 2022 financial year, reaching €17.5 million – and the figure was impacted by inflation-driven cost increases and global supply chain issues affecting the availability of materials.
Positive market environment
The company says that the strong manufacturing rate increases recorded by all major aviation companies worldwide led to a record order intake in 2023, with its long-term order book now standing at a record value of more than US$5.8 billion. This strong order book meant that FACC was able to expand its workforce by 536 employees in the 2023 financial year.
Outlook
FACC says that, according to the latest forecasts, growth in the international aviation industry is set to continue in the coming years. In line with general projections and customer forecasts received, the management of FACC expects further revenue growth in the range of 10-15%, and continued improvements in earnings in the 2024 financial year
