For the first time in the aircraft seat manufacturer’s history, turnover is exceeding the €500 million mark.
This strong growth confirms RECARO Aircraft Seating’s five-year strategy. When it was introduced in 2013, sales turnover was just over €330 million and the number of seats sold was just under 80,000.
Current figures reflect continuous growth since that time. Chief Executive Officer and Shareholder Dr. Mark Hiller sees significant investment in several areas, including research and development, as a key reason behind the brand’s success.
“There are several strategic reasons why we are already exceeding the €500 million sales milestone with more than 110,000 seats during this current financial year,” highlights Peter Müller, Executive Vice President Finance & Administration. “It was the right decision not to focus exclusively on market leadership in the area of economy class seats, but rather to invest in strengthening our position in the business class as well.”
Moreover, the fact that RECARO is now more customer- and service-oriented than ever before, is a result of positive changes within the company. And not just at company headquarters in Schwaebisch Hall, Germany, but worldwide. While the establishment of a company presence in China (Hong Kong/Qingdao), which began five years ago, has already achieved great success for the Asian market, business in Latin America is currently being successfully developed as well.
