FACC Reports Substantial Rise in Earnings

Industrials › Industrial Goods ♦ Published: April 30, 2011; 07:18 ♦ (Vindobona)

FACC AG returned to its planned rate of growth during the past fiscal year by virtue of strong operational business developments. Revenue rose 8% to € 272 m (previous year: € 251 m).

FACC Reports Substantial Rise in Earnings / Picture: © FACC

Contrary to the economic outlook at the end of 2009, the global economy developed much better and faster during the 2010/11 fiscal year, than previously expected. This general reversal in the economic trend stabilized the aircraft industry during the second half-year of 2010/11, signaling an increase in production rates, which was already evident within the first few months, and…

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