In the third quarter of 2022, FACC (Ried im Innkreis, Austria) recorded a significant increase in revenue of 26.6% compared to the same period of the previous year. In the first nine months of 2022, the company generated revenue of €419.6 million, representing an increase of 17.1%, and EBIT amounting to €4.2 million.

The aviation industry continued on its growth path in the third quarter as planned, the company reports — demand for new and low-emission aircraft has increased internationally. An additional 500 members of staff will be required over the next 18 months for the ongoing production ramp-up in all FACC divisions. More than 250 new employees have been successfully recruited since January 2022.

Moreover, in the new business segments Space and Urban Air Mobility, the work on acquired projects is proceeding according to plan. FACC says it remains on track to expand its production volume in the new business segments with innovative lightweight solutions.

With revenue projected to grow by approximately 10% to €550 million, and EBIT in the low double-digit million range, the outlook for the 2022 financial year remains unchanged. The focus in the fourth quarter of 2022 will be on increasing production rates as planned and implementing further measures to enhance efficiency. FACC continues to expect revenue to return to pre-crisis levels in 2024-2025.