FACC (FACC) Q2 2025 earnings summary

Executive summary

• Revenue grew 10.6% year-over-year to EUR 484.7 million in H1 2025, driven by strong demand in aerospace and all business segments contributing to growth, despite supply chain and cost pressures.

• EBIT was EUR 18.4 million, impacted by higher material, personnel, and site costs, but all divisions posted positive EBIT for the first time in several quarters.

• The order backlog reached a record high above EUR 6 billion, supported by new contracts, program extensions, and robust industry demand.

• The CORE efficiency program improved key metrics, including net debt reduction, higher operating cash flow, and a stronger equity ratio.

• The company successfully navigated supply chain disruptions and maintained flexibility to meet shifting market demand.

Financial highlights

• Revenue: EUR 484.7 million (+10.6% year-over-year).

• EBIT: EUR 18.4 million (3.8% margin), down year-over-year due to higher costs.

• Free cash flow improved to EUR 31.7 million, up from EUR 7.4 million in H1 2024.

• Net investments: EUR 9.2 million, down from EUR 13.9 million last year.

• Equity ratio increased to 33.2%, with a medium-term target of 40%.

Outlook and guidance

• Full-year revenue expected to exceed or approach EUR 1 billion, with growth above 10%.

• EBIT margin improvement expected for the full year, with a target of 8-10% by 2027 and leverage ratio below 2.5.

• Inventory targeted to reduce from EUR 172 million in June to EUR 148 million by December 2025.

• Ongoing supply chain and cost uncertainties keep guidance cautious.

• CORE program measures expected to take full effect in 2026.