The cost-cutting measures of aircraft supplier and composites specialist FACC  seem to be bearing fruit. The company increased EBIT significantly in the past financial year to EUR 28.3 mn (previous year: EUR 17.5 mn). At the same time, turnover increased by 20% to EUR 884.5 mn.

Robert Machtlinger will continue to manage the aircraft supplier for the next five years (Photo: FACC)

The cost-cutting programme announced last autumn aims to reduce costs by around EUR 80 mn/y till the end of 2026. FACC is focusing primarily on increasing efficiency in production processes and reducing inventories. However, there are no plans to reduce the workforce in Austria – on the contrary, the number of employees recently increased by almost 10% in order to process the orders for composite structural parts, engine cowlings, and cabin parts.

The performance is clouded by the still high production costs at Austrian plants. The tripling of the production area at Plant 6 in Jakovlje, Croatia, which was completed in late summer 2024, should provide relief here.

For 2025, the management around CEO Robert Machtlinger, who has just been reappointed for a further five years, expects a further increase in revenue of 5% to 15% and corresponding growth in earnings.