FACC AG Reports Earnings Results for the Full Year Ended December 31, 2021
March 30, 2022 at 08:08 am
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FACC AG reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was EUR 497.55 million compared to EUR 526.89 million a year ago. Net loss was EUR 23.59 million compared to EUR 77.01 million a year ago. Basic loss per share from continuing operations was EUR 0.52 compared to EUR 1.68 a year ago. Diluted loss per share from continuing operations was EUR 0.52 compared to EUR 1.68 a year ago.
FACC AG is an Austria-based company engaged in the aerospace and defense industry. The Company specializes in the manufacture of aircraft parts and components. It divides its business into three divisions: Aerostructures, Engines & Nacelles, and Interior. The Aerostructures division covers control surfaces, fairings and wing components. The Engines & Nacelles division provides engine and nacelles components. The Interior division offers interior design services for commercial aircraft, business jets/private jets, freighters and helicopters. The Companyâs services range from on-site support with field engineering, spares service, and repairs to assembly training of customer staff for components and systems delivered by the Company. The Companyâs products are manufactured at four production sites in Austria.