Release from 26.03.2025

FACC significantly increases revenue and earnings in the 2024 financial year

  • Highest revenue in the company's history
  • Revenue increased to EUR 884.5 million (2023: EUR 736.2 million / + 20%)
  • EBIT grows to EUR 28.3 million (2023: EUR 17.5 million)
  • +394 new employees (FTE) in the 2024 financial year
  • For the 2025 financial year, revenue growth is expected to be in the range of 5 - 15%

>> In the 2024 financial year, FACC AG achieved the highest revenue in the company's history. In all divisions (Aerostructures, Engines & Nacelles, Cabin Interiors) as well as in the new business areas Advanced Air Mobility and Aftermarket Services, the revenue increased by +20% to EUR 884.5 million. This growth is also reflected in an increase in the workforce by +394 FTE to 3,850 employees.

>> Thanks to efficiency and cost-cutting measures already implemented in 2024, FACC was able to continue on its path to increasing profitability. EBIT grows to EUR 28.3 million (2023: EUR 17.5 million) and is still burdened by sharply increased location costs, especially personnel, energy and bureaucracy costs.

Growth of the aviation industry in a challenging market environment

Last year, air traffic recorded a record volume of around 4.9 billion passengers. For 2025, IATA forecasts assume that passenger traffic will reach the five billion mark for the first time. The demand for new aircraft is also developing accordingly: As of December 31, 2024, the order book of leading aircraft manufacturers such as Airbus, Boeing, COMAC and Embraer is well stocked with 17,163 aircraft on standing order. The aim of the aviation industry is to support the strong demand from airlines by continuously ramping up production rates. Thanks to its diversified customer, aircraft platform and product portfolio, FACC is benefiting to an above-average extent from the global growth trend in the aviation industry.

Cost reduction and efficiency program in ongoing implementation

The challenges in the global environment (supply chains and geopolitical disruptions) as well as the location-relevant disadvantages of high personnel and energy costs remain. The sharp rise in costs in Europe, particularly in Austria, makes it necessary to implement further measures to increase efficiency. As already communicated in autumn 2024, the Management Board has decided on a substantial program to this end, which is currently being implemented and will lead to an additional increase in earnings by the end of 2026. This program is intended to compensate for the disproportionately high cost increases that have occurred in Europe and to secure FACC's long-term competitiveness.

Outlook

For the 2025 financial year, the management of FACC expects the growth trajectory to continue and a projected revenue increase of 5 - 15%. The operating result will continue to improve due to expected scale effects as well as effects from FACC's efficiency enhancement program currently being implemented.

Photo impressions of the press conference: Ergebnis Geschäftsjahr 2024 | FACC AG | APA-Fotoservice
About FACC

FACC is a worldwide leading aerospace company in design, development and production of aerospace technologies and advanced aircraft lightweight 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 the fiscal year 2024, FACC achieved EUR 884,5 million in revenues. More than 3,800 people from +50 nations are employed at 15 international locations worldwide. The company is listed on the Vienna Stock Exchange. For more information please visit facc.com.

 

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FACC significantly increases revenue and earnings in the 2024 financial year
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Contact

Jakob Reichsöllner-Frischling
Jakob Reichsöllner-Frischling, MA
Corporate Spokesperson
Cell: +43/664/80119-2089
Email: j.reichsoellner-frischling@facc.com