FACC AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 16, 2023 at 09:07 am EDT
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FACC AG reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 192.04 million compared to EUR 142.67 million a year ago. Net income was EUR 11.67 million compared to EUR 0.094 million a year ago. Basic earnings per share from continuing operations was EUR 0.25.
For the six months, sales was EUR 354.71 million compared to EUR 270.15 million a year ago. Net income was EUR 7.98 million compared to net loss of EUR 0.516 million a year ago. Basic earnings per share from continuing operations was EUR 0.17 compared to basic loss per share from continuing operations of EUR 0.01 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.
FACC AG 
