FACC (FACC) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue increased by 14.1% year-over-year to EUR 231.0 million, driven by strong demand across all divisions and key aircraft programs.

• Operating EBIT dropped to EUR 4.3 million from EUR 9.9 million in Q1 2024, with EBIT margin declining to 1.9% due to supply chain and material cost pressures.

• Free cash flow turned positive at EUR 3.5 million, a significant improvement from minus EUR 37 million in Q1 2024.

• Net income fell to EUR 0.5 million from EUR 3.6 million in Q1 2024; EPS decreased to EUR 0.01.

• FACC was a top 3 finalist at the JEC Composites Innovation Awards, received the Aero Excellence Award in Bronze, and CEO contract was extended for five years.

Financial highlights

• Revenue increased 14.1% year-over-year to EUR 231.0 million in Q1 2025.

• EBIT margin was 1.9% in Q1 2025, down from 4.9% in Q1 2024.

• Positive free cash flow of EUR 3.5 million, reversing a significant negative in Q1 2024.

• Inventory rose to EUR 185 million, with a year-end target of EUR 148 million.

• EBITDA rose to EUR 13.0 million from EUR 9.9 million year-over-year.

Outlook and guidance

• Full-year revenue growth guidance remains at 5–15%, with further EBIT improvement expected and more specific guidance after Q2.

• Ramp-up in production is ongoing but at a slightly slower pace to harmonize supply chains.

• Efficiency and cost-saving initiatives are fully implemented and progressing.

• Focus remains on efficiency gains, cost reduction, and sustainable growth through the CORE project.

• Inventory reduction remains a key focus, with customer cooperation to manage stock levels.