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ITP Aero Reports Strong Financial Results in 2022

BILBAO, 28 (EUROPA RPESS)

ITP Aero has registered revenue of 1,047 million euros in 2022, which represents an increase of 14% compared to 2021, with an Ebit of 104 million euros compared to 40 million the previous year.

In a statement, ITP Aero has indicated that, as an “independent” company, with Bain Capital as the majority shareholder, 2022 has been a “positive year” for the company, with financial results significantly higher than those of 2021.

The company has explained that the main reasons behind the “solid” financial results of the company include the recovery of commercial aviation, the business mix of ITP Aero and the solid performance of the defense business, despite a series of factors. adverse macroeconomics.

In this context, the income of ITP Aero, which has not provided its net profit reached in 2022, and which in 2021 was 67 million, rose to 1,047 million, 14% more. The company’s workforce, at the end of 2022, was 4,500 employees, 8% more than in 2021.

The company has highlighted that, during 2022, it achieved a series of “important milestones”, including “relevant advances” in the Rolls-Royce UltraFan demonstrator, the signing of the contract for phase 1B of the FCAS and the participation in European projects. “key” R&D as part of Clean Aviation and the EDFs (European Defense Funds), including the use of SAF and hydrogen towards more sustainable aviation.

2023-07-29 05:39:50
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