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21st Austria weekly - FACC 30/03/2022 [pic1]FACC: In the financial year 2021 after another challenging for entire aviation industry aerospace company AG achieved predicted sales and operating results. Negative one-off effects caused by a lost legal dispute dating back to 2008 were processed. With new orders amounting Euro 1 bn consistent implementation of corporate strategy “FACC 2030” expects growth in approx. 10% 2022. Starting second half market has further stabilized especially field short- medium-haul aircraft. business jet segment which is special importance FACC pre-crisis level could be reached again as from Q3/2021. long run prospect extremely good. Airbus need 39 000 commercial aircraft 2040. Based on good order situation will hire 200 employees Upper alone expand core well Urban ....
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 ....