Press release 6 July 2012 Financial year 2011/12: facc achieves record turnover
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- Operating result remains high despite massive increase in development activities
- Divisional development in 2011/12
- Aerostructures Division
- Engines Nacelles Division
- Interiors Division
- Planning and prospects for 2012/13
- For additional information please contact
PRESS RELEASE 6 July 2012 Financial year 2011/12: FACC achieves record turnover
Ried/Salzburg - FACC AG has concluded its financial year 2011/12 with good results. In the closing financial year, turnover increased by 31 per cent to a new record figure of € 355.1 million (previous year: € 271.8 million). “For the FACC Group, 2011/12 has been a successful year. Despite the continuing uncertainties, particularly on the financial markets, we have once again considerably exceeded our turnover for last year”, said Walter Stephan, CEO of FACC AG.
Not least due to rising fuel prices and the resulting demand from airlines for modern weight-optimised aircraft and engines with increased efficiency, production rates in the aviation industry have been increasing steadily for the past two years following a slight reduction or stagnation in 2009. Aerostructures Division The turnover predicted in the 2011/12 budget for the Aerostructures division, estimated conservatively due to the global financial situation, was considerably exceeded thanks to the positive market development. The Aerostructures division achieved an increase in turnover of 16 per cent to € 167 million. A major contributor to this was, after long years in development, the substantially increased demand for and thus deliveries of the A380 and Boeing 787. Engines & Nacelles Division In the Engines & Nacelles division turnover was considerably up on the forecast figures, also thanks to the high demand for products from the A320, A380 and Boeing 787 ranges. The market situation for engine parts also proved very stable overall, as was already the case in the previous year, with this trend characterised partly by a high demand for replacement parts from older ranges and partly by the start-up of some more recent ranges. Turnover in the Engines & Nacelles division totalled € 76 million (previous year: € 44 million), equivalent to a substantial turnover increase by 73 per cent. Interiors Division The financial year 2011/12 in the Interiors division showed a strong growth of 32 per cent compared to the same period last year. The turnover on products for commercial jets increased by 12 per cent and on products for business jets by 36 per cent, thus considerably exceeding the predicted figures in these two areas. In total, turnover in the Interiors division rose from € 82 million in the previous year to € 108 million. Personnel The dynamic trend in staff recruitment seen in the last few years continued in the financial year 2011/12. In total, white and blue collar worker numbers increased by an additional 347 employees. On 29.2.2012 the total number of employees in Austria was 1,947 (+ 22 %). Of these, 1,238 (+ 19 %) were blue-collar and 709 (+ 27 %) white-collar workers. On average, FACC AG employees totalled 1,801. Abroad, the company had a total of 102 (+ 67 %) employees on the reference date. On account of the vast increase in orders, Engineering in particular was forced to increase its efforts in regional and international staff searches, resulting in the expansion and intensification of international personnel recruitment. In production sectors the economic upswing was very noticeable from the beginning of the financial year, so that staff recruiting continued throughout the year. Planning and prospects for 2012/13 In June 2012, the IATA (International Air Transport Association) gave a prognosis for passenger and freight traffic in 2012: passenger traffic was set to increase by 4.8 per cent, freight orders to remain stable. Whilst this means that the growth rate for passenger transport thus returns to a normal long-term level despite the uncertain global economy, the freight market has not yet managed to overcome its dip. Over the course of the year the aviation industry was dominated by the new versions of narrow-body aircraft from Airbus and Boeing, the A320neo and the Boeing 737 MAX. Over 1,200 orders for the A320neo have already ensured that, despite the depressed economic mood, aircraft orders in 2011 are approaching the levels for record year 2007 with 2529 aircraft ordered (Airbus & Boeing) or 2224 (Airbus & Boeing, less cancellations). At the same time the massive successes for Airbus and the sales successes to be expected in 2012 for the 737 MAX subdue market prospects for newly-developed competitors in the 150-seat sector, such as the C919 from COMAC, the MS-21 from UAC and the CSeries from Bombardier. The further development of aircraft from Airbus and Boeing in conjunction with deployment of new engines enables cost savings similar to those possible with the newly-developed models, but any risks associated with new aircraft designs are entirely excluded. The pleasing increase in production rates for the popular aircraft models Boeing 737, Boeing 777, A320 and A330 is ongoing. Our product developments on the A380 and Boeing 787 series are for the first time reaching noteworthy production rates, which will help achieve a further increase in turnover in the current financial year. FACC AG assumes that this trend will also continue in the coming years. FACC AG continues to expand its role as a preferred partner in the aviation industry. The owner supports FACC’s consistent course for growth. In a comfort letter he officially confirmed to customers and public authorities the autonomy of the company. As a result, within the reporting period FACC AG was again able to achieve the level of first tier supplier to Boeing. Western customers increasingly see FACC AG as a bridge to the Chinese owner. In line with these developments, in the reporting year 2012/13 FACC AG is expecting new orders from customers who, after completion of the development and production start-up phases at the domestic locations of FACC AG, are intending to relocate production of these projects to low-wage countries or countries that have a high offset volume, thus helping customers fulfil their offset obligations on the emerging aviation market. For additional information please contact: Andrea Schachinger Corporate Communication Tel: ++43 (0) 59/616-1194, E-Mail: a.schachinger@facc.at www.facc.com Page Directory: content -> download download -> Appendix appendix 0 the florida emergency telephone act download -> Fia wtcc race of Portugal boosts Championship Battle download -> Définitions download -> Curriculum vitae eleanor jane sterling download -> Practical Application of the casve cycle of Career Problem Solving and Decision-Making download -> What are Competencies? download -> Bruce almighty download -> Department of management services Download 15.98 Kb. Share with your friends:
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