Facc Ag Reports Earnings Results for the First Quarter Ended March 31, 2020
May 12, 2020 at 03:18 am EDT
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FACC AG announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was EUR 193.722 million compared to EUR 205.621 million a year ago. Net income was EUR 8.618 million compared to net loss of EUR 5.266 million 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 
