ITP increased its turnover by 9.9%, reaching 780 million euros

Wednesday, April 19th, 2017

ITP

The Basque aerospace firm ITP achieved turnover of 780 million euros last year, an increase of 9.9% compared to 2015. The Commercial Aviation segment saw a 20.5% increase in activity, while Defence activity remained in line with 2015 and In Service Support recorded a slight 3.8% decrease.

Operating income reached 67 million euros, an increase of 5.5% over the previous year, with 8.6% profitability on sales. The increase was mainly due to Commercial Aviation programmes in the production stage.

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