FACC reports growth due to short- and medium-haul aircraft, potential expansions

In the year 2022, FACC AG (Ried im Innkreis, Austria) could increase its turnover by 22% to €607 million. The company reports this strong growth is due to an increase in production rates in the short- and medium-haul segment as well as in business jets. It can also be ascribed to a significant increase in development services for international customers.

In 2022, FACC achieved an operating EBIT of €5.5 million. The economic environment was challenging due to the war in Ukraine and the consequential supplier chain difficulties as well as the significant rise in inflation.

Due to the high market demand for new aircraft and the related high order level, FACC was able to grow by 381 full-time employees at all locations. Further, FACC’s new Plant 6 in Croatia, which was commissioned in December 2021, was expanded to 200 employees. This factory produces lightweight components for the cabin interiors of passenger aircraft and business jets. The next expansion stage is already in the process of planning.

Due to numerous development projects, FACC could set the course for the future via significant developments in 2022. The company invested €43.5 million in new research and development (R&D) projects with a major focus on new high-tech materials. These new composite lightweight solutions for the global aerospace industry are said to enable significantly reduced process times while being recyclable and yet are able to withstand extreme stress.

Within the scope of Strategy 2030, FACC aims to gain market shares in its core segment of civil aviation. Its objectives also include to establish the company as a high-tech supplier of lightweight solutions in the new growth sectors and international market of urban air mobility (UAM) andsSpace. In these fields, further key orders could be acquired in 2022, including from FACC’s new customer Archer Aviation (Santa Clara, Calif., U.S.) for the production of fuselage and wing elements of the new electric vertical takeoff and landing (eVTOL) series aircraft Midnight.

Due to the worldwide recovery of air traffic after the COVID-19 pandemic, and numerous new orders, the management of FACC expects a continuation of this consistent growth in 2023. This requires ensuring an organic growth of existing projects as well as gaining new orders in the company’s core business and in the space sector. Over the next 18 months, FACC plans to expand its workforce by another 600 employees.

FACC’s Annual Financial Report 2022 can be downloaded at this link.