ITP Aero Results FY2022

ITP Aero reported revenues of 1,047M€ in 2022 (14% increase vs 2021), with 104M€ EBIT (was 40M€ 2021). ITP Aero closed 2022 with a total workforce of 4,500 employees, an 8% increase compared to 2021.

As an independent company, with Bain Capital as main shareholder, 2022 has been a positive year for ITP Aero, significantly ahead of 2021 financial results. The main reasons behind the company’s strong financial results include the recovery of commercial aviation, ITP Aero’s favorable business mix and robust defence business performance, despite a number of macroeconomic headwinds.

During 2022, ITP Aero achieved a number of important milestones including relevant progress on Rolls-Royce Ultrafan demonstrator, signing of the 1B phase of the FCAS contract, and participation in European key R&D projects as part of Clean Aviation and EDFs; including the use of SAF and hydrogen towards a more sustainable aviation.

Contact:

Louis Trollope                

Communications Manager                       

M: (+34) 610 267 334                                                 

louisjon.trollope@itpaero.com                                                      

www.itpaero.com