Aviation supplier FACC, headquartered in Reed in Upper Austria, announced today that sales and profits for fiscal 2022 will deviate from expectations. Expected sales will be around €600m and operating result (EBIT) around €5m.
“Based on the first analyzes of the preliminary results as part of the ongoing annual financial statements process, the projected increase in sales will be exceeded by 10 percent compared to the previous year. At the same time, the operating result will not triple compared to the previous year,” the listed company said in a press release. .
The reasons for the high turnover can be seen in connection with the one-time settlement of development costs associated with the project and the increased need for product delivery. The result will be burdened by a tightening of the supply chain, higher material and energy costs in connection with the geopolitical situation and a sharp rise in inflation.
Presenting figures for the third quarter of 2022 in November of the previous year, the board said regarding the annual outlook: unchanged with projected sales growth of around 10% to €550 million and EBIT “in the low double the million-digit range.” . Nine months later, the group posted an EBIT of €4.2m in 2022.
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