Half-year results – Montana Aerospace reaches cruising speed

– Montana Aerospace reaches cruising speed

The aircraft manufacturer recorded a sharp increase in its turnover on Monday with significant operating profitability in the first half.

Posted today at 6:21 p.m.

Montana Aerospace AG is a manufacturer of aircraft parts and ancillary equipment.

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The Aargau company confirms its earlier forecast on the back of increased demand from industry, despite the challenges of energy costs and supply chain difficulties.

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From January to June, turnover jumped 61% to 578.8 million euros compared to the previous first half. Over the same period of comparison, adjusted gross operating income (Ebitda) swelled by 50% to 33.9 million.

Net income, however, continued to decline to -26.5 million, after -25.7 million a year earlier, the group said in a statement.

According to the detailed publication, costs – related to the employee option program, legal fees or even merger and acquisition costs – increased significantly, causing Ebitda to reach 28.6 million. . However, depreciations and amortizations of 46.6 million pull the operating result Ebit (-17.96 million) and the net result (-26.5 million) into the negative.

For 2022, the group forecasts an annual turnover of 1.16 billion euros and intends to “take advantage of the general market situation”.

On the stock market, Montana shares ended down 1.1% at 18.38 francs, in an SPI up 0.40%.

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