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 and higher aircraft production rates across all divisions.

• Operating EBIT declined to EUR 4.3 million from EUR 9.9 million in Q1 2024, mainly due to supply chain and material cost pressures.

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

• CEO contract extended for five years, reinforcing leadership stability.

• Recognized as a finalist for the JEC Composite Innovation Award and received the Aero Excellence Award in Bronze.

Financial highlights

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

• EBIT margin at 1.9%, down from prior year due to higher material and location costs.

• Positive free cash flow of EUR 3.5 million, reversing a significant negative outflow last year.

• Inventory increased to about 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 maintained at 5–15%, with further EBIT improvement expected.

• Ramp-up in aircraft build rates continues, though at a slightly slower pace to harmonize supply chains.

• Efficiency program targeting EUR 80 million in savings is fully operational.

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

• Industry demand remains strong, with organic growth expected across major platforms over the next 2–3 years.