21st Austria weekly - FACC Andritz Palfinger Uniqa 24/02/2022 [pic1]FACC: In the 2021 financial year aerospace supplier FACC AG implemented operational turnaround as planned while correctly assessing COVID-19 market environment. With revenue of Euro 497.6 mn and operating EBIT 4.3 million group was able to meet its forecasts for 2021. The positive result negatively impacted by an extraordinary one-time effect related ruling a London arbitration court on past contracts. strong cash flow generation reflected in high free EUR 70.5 million substantial reduction net debt Eur 177.8 min deserves special mention this regard. Key aviation markets continued stabilize H2/2021 resulting increase customer call-offs particularly short medium-haul aircraft. business jet segment also performed well returning pre-pandemic level Q3/2021. Demand
21st Austria weekly - FACC Andritz Palfinger Uniqa 24/02/2022 [pic1]FACC: In the 2021 financial year aerospace supplier FACC AG implemented operational turnaround as planned while correctly assessing COVID-19 market environment. With revenue of Euro 497.6 mn and operating EBIT 4.3 million group was able to meet its forecasts for 2021. The positive result negatively impacted by an extraordinary one-time effect related ruling a London arbitration court on past contracts. strong cash flow generation reflected in high free EUR 70.5 million substantial reduction net debt Eur 177.8 min deserves special mention this regard. Key aviation markets continued stabilize H2/2021 resulting increase customer call-offs particularly short medium-haul aircraft. business jet segment also performed well returning pre-pandemic level Q3/2021. Demand
Andritz has received another order from Toyo Engineering Corporation in Japan to supply a 50-MWe PowerFluid circulating fluidized bed (CFB) boiler on EPS basis. The boiler will be part of the biomass power plant in Tahara-shi, Aichi Prefecture, in Japan. Start-up is planned for 2025.