Recaro Group generates €270 million in 2021, forecasts double-digit growth for 2022

The CL3810 economy-class seat ©RECARO Aircraft Seating

Germany-headquartered Recaro Group, the seating innovator and specialist which includes Recaro Holding, Recaro Aircraft Seating and Recaro Gaming has announced it generated approaching €270 million in 2021. The Group also predicts a promising 2022 with a projected double-digit growth.

At Recaro Aircraft Seating’s four worldwide-located premises nearly 60,000 aircraft seats were manufactured, a slight rise on 2020 production. The company has continued its investment into R&D, having allocated over 10% in 2021 and also invested €50 million in a brand-new customer service centre which include a crash facility and flam-lab. Recaro Aircraft Seating also began producing the pre-configurated seat, Sprint (from order to delivery two months), being a significant driver.

The company will continue to work on expanding its footprint in the economy- and business-class as well as regional-jet markets. At the start of 2022, the family-owned Group, which employs over 22,000 staff, charted a course for the next phase of its development with a leadership evolution: Mark Hiller, CEO at Recaro Aircraft Seating added CEO of Recaro Holding to his list of responsibilities, while his predecessor and Recaro shareholder, Martin Putsch, moved into his new role as the chairman of the Recaro advisory board.

“Our global set up enables us to manage a strong market recovery. We are looking ahead to a positive growth outlook driven by major investments in new technologies and expanding our global footprint into new market segments, like train seating,” said Dr Mark Hiller, CEO at Recaro. (£1.00 = €1.20 at time of publication).

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