Home » News » Aciturri Fights to Recover Pre-Pandemic Height Amidst Uncertainty in the Aeronautical Sector

Aciturri Fights to Recover Pre-Pandemic Height Amidst Uncertainty in the Aeronautical Sector

Aciturri is fighting to recover the height it reached before the pandemic, but uncertainty is still very present in the aeronautical sector. This conclusion is conveyed in its 2022 Sustainability Report, in which the company’s executive president, Ginés Clemente from Mirandés, mentions conditions such as inflation or the difficulty of purchasing materials, which “imply a postponement of recovery expectations.” Even so, there is data for hope, because last year despite not reaching the expected objectives, the workforce grew by 17%, which means that the company returns “to our position as job creators,” says the head of Aciturri.

The figures show that in the Miranda plants, together with the one in the neighboring Alava town of Berantevilla, the total number of workers in this aeronautical firm is again above 400 workers. In total, Aciturri has 1,282 people among all its factories, of which 1,043 are men and 90% are part of the permanent staff, since they have an indefinite contract. The data is applauded within the structure, especially due to the cuts made in 2021 to appease the decline in activity. Even so, despite the increase experienced last year, the number of 1,610 employees in 2022 is still a long way off.

Clemente admits in the document that “the financial health of our project and the gradual recovery of workload, has helped us to recover part of our activity.” This improvement is reflected in the workforce, but also in billing. The end of the year ended with 211 million euros in sales, when in 2021 this figure was 150 million. Despite the increase, the company admits that to achieve full recovery, the doubts in the sector must disappear, since before the disease Aciturri’s transaction volume exceeded 300 million euros.

From the company’s business, a good part of the money that comes in belongs to aerostructures, which brings together the construction of airplane parts such as the fuselage or the wings. In this field, “Aciturri’s main customers maintain the expectation of continuing to progressively recover sales over the coming years”, it is stated in the Report, where they point out that long-haul traffic “is still affected by the pandemic”, and short and medium-haul flights continue “a slow recovery process”.

Even so, this part of the company has achieved a turnover of almost 180 million euros, added after selling parts for 786 single-aisle aircraft, 107 two-passengers, 29 helicopters and 34 military aircraft. Among the main clients are Airbus with its A320 and Boing with the B737, although both programs lowered their forecasts and now the objective in these two cases is to recover the number of deliveries prior to the pandemic, but in 2024.

Motor. The other part of Aciturri’s business, the engine business, has a “progressive recovery of activity.” In this case, Aciturri billed more than 31 million euros, eleven more than in 2021. In addition, the data also exceeds that registered in 2019, when sales reached 27 million euros, so with this Report, the aeronautical company confirms the growth experienced in a section that has a lot of room for improvement.

During the past year, the Mirandese firm delivered almost 86,000 components to clients such as Safran, Rolls-Royce and ITP Aero. With them, and due to the normalization of the main commercial meetings at a global level, contracts have been improved and extended that will allow the workload to be maintained for plants such as the one in the Ircio industrial estate.

2023-07-23 07:01:12
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