FACC AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 08:33 am EST
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FACC AG reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 159.15 million compared to EUR 149.45 million a year ago. Net loss was EUR 14.66 million compared to EUR 9.62 million a year ago. Basic loss per share from continuing operations was EUR 0.32 compared to EUR 0.21 a year ago.
For the nine months, sales was EUR 513.85 million compared to EUR 419.6 million a year ago. Net loss was EUR 6.69 million compared to EUR 10.13 million a year ago. Basic loss per share from continuing operations was EUR 0.15 compared to EUR 0.22 a year ago.
FACC AG is an Austria-based company engaged in the aerospace and defense industry. The Company specializes in the manufacture of aircraft parts and components. It divides its business into three divisions: Aerostructures, Engines & Nacelles, and Interior. The Aerostructures division covers control surfaces, fairings and wing components. The Engines & Nacelles division provides engine and nacelles components. The Interior division offers interior design services for commercial aircraft, business jets/private jets, freighters and helicopters. The Companyâs services range from on-site support with field engineering, spares service, and repairs to assembly training of customer staff for components and systems delivered by the Company. The Companyâs products are manufactured at four production sites in Austria.
FACC AG 
