Recaro Aircraft Seating has achieved yet another increase in annual sales, achieving €487 million (US$590m) over the past 12 months, an increase from 2017’s €452 million (US$547m), which was itself an 11% increase on 2016’s figures. Another headline figure is the production of 120,000 seats for 41 airlines and aircraft manufacturers over the past year, which is an increase in volume of almost 15% compared to 2017’s figures.
According to Recaro, the company’s revenues have been growing at an average annual rate of more than 10% over the last 15 years – a healthy figure compared to the average market growth of 5%.
The company’s order books are well-filled for the next three years, including orders for 20 existing and four new customers. Dr Mark Hiller, CEO of Recaro Aircraft Seating, is understandably confident about the future, stating: “We will be adjusting our growth rate upwards for the next few years. Our order books are looking good through 2020 and beyond.”
This growth is supported by sound production and ligistics, with the company achieving nearly 100% on-time delivery of seats, aided by investment in a new fully automated logistics center at its headquarters.
Another key point in 2017 was Recaro’s first delivery of its CL6710 long-haul business class seat. “Business class will be an important strategic focus in the future. We are gaining momentum within this segment, having successfully acquired more customers for this premium seat this year and next year,” stated Hiller.