The business plan forecasts for 2018/19 were played out during the year, with a sharp upswing in growth and volumes back to those envisaged in the business plan.
The various business segments posted different growth rates, with a sharp upswing for the ASY segment and an improvement in the profitability of the Cabin Comfort Systems business line which saw its dedicated production facilities return to good levels of capacity utilisation. Finally, the streamlining of the aircraft MRO services made the Aircraft SErvices SBU more efficient.
The current year should see a continuation of the 2018/19 performance, with a more limited increase in volumes and improved operating profitability at the various levels.
The group strategies include significant investment activities, with an increase in the plant component linked to the expansion and functional upgrade of some facilities, and for production investments.
The group’s 2019 – 2023 business plan approved in March confirms all the essentials for the growth trajectory already outlined for the group and resulting from the commercial strategies and the production and technological choices of recent years.