In its published annual report TP Aerospace has shown that the company is on a positive track, after almost two years of crisis in the industry caused by the pandemic. While global aviation remained significantly impacted by the COVID-19 pandemic in 2021, activity grew steadily for TP Aerospace and the company managed a more-than 30% top line growth from 2020.
TP Aerospace ended the year with US$ 88.8 million in revenue, which was 31% above 2020 levels, while EBITDA ended 46% above 2020 levels, with US$ 31.3 million. The performance was, amongst other, driven by a faster recovery of narrow-body aircraft, which is a segment where TP Aerospace was very well positioned in 2021 as well as a general uptake in the leisure travel market in Europe.
With a good result in 2021, along with the signing of significant new contracts towards the end of the year, TP Aerospace is well-positioned to continue the growth in 2022. (£1.00 = US$1.31 art time of publication)
