The cost-cutting measures of aircraft supplier and composites specialist FACC (Ried im Innkreis, Austria; www.facc.com) seem to be bearing fruit. The company increased EBIT significantly in the past financial year to EUR 28.3 mn (previous year: EUR 17.5 mn). At the same time, turnover increased by 20% to EUR 884.5 mn.

The cost-cutting programme announced last autumn aims to reduce costs by around EUR 80 mn/y till the end of 2026. FACC is focusing primarily on increasing efficiency in production processes and reducing inventories. However, there are no plans to reduce the workforce in Austria – on the contrary, the number of employees recently increased by almost 10% in order to process the orders for composite structural parts, engine cowlings, and cabin parts.

Related: Composites specialist FACC announces massive job cuts

The performance is clouded by the still high production costs at Austrian plants. The tripling of the production area at Plant 6 in Jakovlje, Croatia, which was completed in late summer 2024, should provide relief here.

For 2025, the management around CEO Robert Machtlinger, who has just been reappointed for a further five years, expects a further increase in revenue of 5% to 15% and corresponding growth in earnings.