EQS-Media / 04.05.2022 / 08:31

FACC records significant growth in Q1 2022

– The aviation industry continues to stabilize: FACC Q1 sales increase by
7.90% to 127.5 million EUR

– EBIT Q1 2022: 3.0 million EUR

– Low impact of Ukraine-Crisis

– Outlook for 2022 unchanged: Growth in sales of approx. 10% and further
improvements in EBIT

> FACC AG closed the first quarter of 2022 as planned with a 7.9% increase
in sales compared to the previous year. The reason for this positive
development is the favorable order situation for short- and medium-haul
aircraft as well as orders in the business jet segment. EBIT is positive
at + 3 million EUR, which is also due to the measures to reduce costs and
increase efficiency that have already taken effect.

Further recovery of the aviation industry

The aviation industry’s post-pandemic recovery continued in Q1 2022.
Continental air traffic in particular is exhibiting very positive signs of
development, especially in the USA and the Middle East. This is
accompanied by an increase in demand for short- and medium-haul aircraft –
a market segment that particularly benefits FACC. The development in the
business jet segment is also encouraging. This market fully recovered in
Q4/2021, with approx. 17% of FACC’s consolidated sales originating from
this segment.

New orders

New orders for the Bombardier Challenger 3500 and the Falcon 10X confirm
this trend in the growing business jet market. “As things stand today, we
continue to expect an increase in sales of around 10% for 2022 as a
whole,” emphasizes CEO Robert Machtlinger. Solutions for cabin interiors
are also in high demand on the market right now. With the newly
constructed plant in Croatia, for which the next expansion stage is
already being planned, the company is also well equipped for further
growth in this area.

The war in Ukraine, which flared up in mid-February, and the resulting
repercussions have had little impact on FACC, there being no FACC supply
chains in either Ukraine or Russia. The volume of FACC aircraft components
supplied annually for Russian civil applications amounts to approx. 1
million EUR per business year.

Outlook

Following the successful operational turnaround in 2021, FACC will again
focus on growth in 2022. A growth in sales of approx. 10% is expected for
the 2022 financial year, while the planned EBIT is projected to more than
triple compared to the operating results in 2021 (excluding one-off
effects).

End of Media Release

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Issuer: FACC AG
Key word(s): Finance

04.05.2022 This Press Release was distributed by EQS Group AG. www.eqs.com

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Language: English
Company: FACC AG
Fischerstraße 9
4910 Ried im Innkreis
Austria
Phone: +43/59/616-0
Fax: +43/59/616-81000
E-mail: office@facc.com
Internet: www.facc.com
ISIN: AT00000FACC2
WKN: A1147K
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
(Official Market)
EQS News ID: 1342813

 
End of News EQS Media

1342813  04.05.2022 



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