FACC AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 17, 2022 at 02:13 pm
Share
FACC AG reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 142.67 million compared to EUR 122.09 million a year ago. Net income was EUR 0.094 million compared to EUR 3.85 million a year ago.
For the six months, sales was EUR 270.15 million compared to EUR 240.19 million a year ago. Net loss was EUR 0.516 million compared to net income of EUR 3.15 million a year ago. Basic loss per share from continuing operations was EUR 0.01 compared to basic earnings per share from continuing operations of EUR 0.07 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.