Facc Ag Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 18, 2021 at 03:18 am
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FACC AG announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was EUR 122.085 million compared to EUR 101.595 million a year ago. Net income was EUR 3.851 million compared to net loss of EUR 46.762 million a year ago. Basic earnings per share from continuing operations was EUR 0.08 compared to basic loss per share from continuing operations of EUR 1.02 a year ago. For the half year, sales was EUR 240.188 million compared to EUR 297.018 million a year ago. Net income was EUR 3.154 million compared to net loss of EUR 39.604 million a year ago. Basic earnings per share from continuing operations was EUR 0.07 compared to basic loss per share from continuing operations of EUR 0.86 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.