FACC posts a strong increase in sales

FACC posts a strong increase in sales
FACC posts a strong increase in sales

FACC benefited from the recovery in aviation.
Image: VOLKER Weihbold

At the same time, inflation and ongoing problems in the supply chain weighed on the operating result, according to a company statement without giving figures. For the year as a whole, sales should “in the high single-digit percentage range” grow and the result “gradually improve”.

For the year as a whole, FACC expects a relaxation in the supply chains. “As is usual in the industry, inflation-related cost increases are only passed on to the market with a delay of up to one year”, according to the broadcast. Increasing demand for new aircraft will lead to further rate increases for all major aircraft models. FACC continues to expect that aviation will fully recover from the corona crisis by the end of 2024.

FACC intends to invest around EUR 34.8 million this year, including in expanding the plant in Croatia. Within the next 14 months, the workforce will be increased by 400 to 600 employees.

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