Image: FACC
The aviation supplier FACC, based in St. Martin/Innkreis, continued to benefit from the recovery in the aviation industry in the first nine months of this year. Sales increased by 22.5 percent to 513.9 million euros, the operating result (EBIT) climbed to five million euros, after 4.2 million in the same period of the previous year. However, the market environment remains challenging, the company wrote in a statement on Wednesday.
According to this, seasonally lower sales in the summer months, a challenging material supply in the supply chain, training expenses and cost increases due to inflation, especially in the personnel area, had a negative impact on the result in the third quarter.
The outlook for the full year does not change. Group sales are expected to be twelve to 16 percent higher than in 2022, and the FACC board of directors expects a lower but positive result for the second half of the year compared to the first half of the year. In the next 18 months, the rate ramp-up for long-haul aircraft will bring in more sales, so the workforce is expected to grow by up to 500 people in the coming months (currently: 3,294 full-time equivalents).
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