Recaro has reported that in FT2022 Recaro generated nearly €425 million and employed 2,500 personnel across its business divisions, which include Recaro Aircraft Seating, Recaro Gaming and Growag (rail seating).
Key parts of Recaro’s 2022 future growth strategy included double-digit investment in Growag, as well as a €50m investment in an aircraft seating crash facility and flame lab, followed by further expansions in China and Germany.
Recaro’s aircraft seating division celebrated its 50-year anniversary in 2022, and also won major customer contracts, which included Etihad selecting the CL3710, IndiGo choosing the BL3710, and the Lufthansa Group ordering 24,000 economy seats (CL3710 and CL3810). In addition, the company also launched its first-ever front row monument, built in-house with composite materials, and customised for Iberia.
Recaro Gaming pivoted its strategy in 2022 to meet customer demand in the German gaming market. The company partnered with the likes of Porsche, collaborating on a limited edition gaming seat inspired by the Porsche 911 GT3. In addition, the Recaro Exo Platinum Sky seat was selected for the Xbox Corner at Berlin’s interactive electronics experience, Saturn Xperion.
Growag is the newest addition to the Recaro portfolio. In 2022, the Poland-based rail seating company produced more than 26,000 seats and generated the highest revenue in company’s history. The company also celebrated 50 years of rail seating in 2022 and has its sights set on further expansion.
Recaro says sustainability is rooted in its long-term vision for success, with a a strong focus on developing sustainable materials, optimising supply chains and reducing its carbon footprint.
“Recaro had one clear goal since the beginning of the pandemic crisis: emerge strong. Our solid 2022 numbers and growing competencies reflect our accomplishments and I am confident that we are on the right path. A major part of our success was our unique workforce strategy during pandemic, which continues to ensure job security for Recaro employees in Germany,” said Dr Mark Hiller, CEO at Recaro Holding and Recaro Aircraft Seating. “Our global team demonstrated the best of performance and team spirit, and I am beyond grateful and proud to be collaborating with such a great team.