FACC AG, the Austrian aerospace components manufacturer, reported first-half 2026 revenue of €526.3 million, an 8.6% increase from €484.7 million in the same period last year, as aircraft production rates accelerated across major OEMs.
Earnings before interest and taxes rose 37.9% to €25.3 million, lifting the EBIT margin by 100 basis points to 4.8%. Free cash flow surged 54% to €48.9 million, while net debt declined 16% to €182.7 million. The leverage ratio improved to 2.05x from 2.67x at year-end 2025, reflecting stronger cash generation and reduced capital expenditures.
Cabin interiors revenue grew 17% year-over-year to €252.6 million, driven by a 35.8% increase in midsize business jet deliveries over four years. Aerostructures revenue rose 6% to €184.4 million, while engines and nacelles revenue fell 6% to €89.4 million. Business jets accounted for 18% of total revenue, with EBIT margins varying by segment from 3.5% in interiors to 9.7% in engines.
Management narrowed its full-year 2026 revenue growth guidance to 10–15%, up from a prior range of 5–15%, and set an EBIT margin target of 5.25–6.25%. The company aims to exceed an 8% EBIT margin in 2027, supported by a €350 million investment program through 2030, entirely funded by operating cash flow.
A new €120 million aerostructures plant in Upper Austria is slated to begin operations in 2028, while composite production expansion in Croatia and new business jet cabin programs for Embraer models are underway. Recurring drone revenue is projected at €35–45 million for 2026.
Global aircraft demand remains robust, with Airbus and Boeing delivering 868 aircraft in the first half, up 61 units from the prior year. Airbus increased deliveries by 14.7% to 45 aircraft, while Boeing’s output rose 12.1% to 34 units. Business jet deliveries totaled 516 units.
CEO Robert Machtlinger noted that FACC’s performance aligned with plans amid a dynamic aviation environment, adding that partnerships with major manufacturers positioned the company to benefit from industry growth. FACC shares fell 2.86% to $16.28, near the midpoint of their 52-week range of $7.00 to $19.70.
