FACC (FACC) Q1 2026 earnings summary

Executive summary

• Revenue increased by 11.8% year-over-year to €258.2 million in Q1 2026, with EBIT more than doubling to €9.7 million and all divisions reporting positive EBIT and profitability improvements.

• Growth was driven by strong demand in Airbus, Bombardier, and Embraer programs, with new long-term contracts and strategic milestones including a €120 million investment in a high-tech plant in Upper Austria.

• Workforce increased by 110 FTEs to 4,017 employees to support ramp-up and future growth.

• Cost reduction and efficiency programs (CORE) continue to enhance profitability.

Financial highlights

• Revenue for Q1 2026: €258.2 million, up 11.8% year-over-year; Cabin Interiors up 26%, Aerostructures and Engines & Nacelles up ~1%.

• EBIT: €9.7 million (3.7%-3.8% margin), with Aerostructures €4.1 million (4.6%), Engines & Nacelles €4.8 million (~11%), Cabin Interiors €0.8 million (0.6%).

• Free cash flow improved to €8.9 million, operating cash flow at €12.1 million, and equity ratio strengthened to 35.9%.

• Inventory increased to €194 million (28.5% of total assets) due to supply chain buffer needs.

• Net financial debt reduced to €212.7 million, leverage ratio and net debt continue to decline.

Outlook and guidance

• 2026 revenue growth guidance maintained at 5%-15%, with further EBIT improvement expected, driven by scaling effects and core project momentum.

• All major customers are ramping up production, creating unique growth opportunities.

• Inventory levels targeted to decrease in H2 2026 as ramp-ups materialize.

• Energy costs for 2026 fully hedged; 30%-40% hedged for 2027.

• Outlook reflects ongoing volatility and uncertainty, especially due to Middle East developments and supply chain bottlenecks.