- Highest turnover in the 30-year history of the company
- Solid earnings development with significant increase in operating result
- Proposed dividend of EUR 0.15
- USD 6.5 billion order backlog thanks to new projects
'2018/19 was a very dynamic year for FACC. On its 30th anniversary, our company successfully continued its evolution, achieving the highest turnover in its history and a solid result,' said Robert Machtlinger, FACC CEO. 'The good business result of the Group is based on our enormous innovative strength and the associated competitive strength. Positive long-term market forecasts, growth through innovation and efficiency coupled with the high motivation of the FACC crew ensure our success.'
The current market forecasts of the aircraft industry once again confirm that, from today's perspective, the long-term growth trend in the civil aviation industry will continue in the future. Studies by OEMs currently confirm a constant annual increase in passenger volumes of around 4.5 %. Between 2019 and 2037, approximately 40,000 new aircraft will be needed. Compared to the 2018 forecast, this represents an increase of 2,500 aircraft. The latest rate forecasts for the next two years, in contrast, show that the increase of some aircraft types has stabilized and will be somewhat flatter than anticipated a year ago.
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FACC is a worldwide leading aerospace company in design, development and production of innovative aircraft components and systems. Being the technology partner of all major manufacturers, FACC works together with its customers on developing solutions for the mobility of the future. Every second, there is an aircraft taking off with FACC technology on board. In full year 2017/18, FACC achieved more than 782 million Euro in revenues. FACC employs 3,500 people from 38 nations and working in 13 countries worldwide. The company is listed in the ATX of the Vienna Stock Exchange and part of the Fortune-500 Group AVIC, providing access to the largest growth markets within the industry. For more information please visit facc.com.
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FACC AG published this content on 22 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2019 05:57:04 UTC