French Firm Finds 35% of Revenue in the US Market

Daher announced its 2023 financial results for the year, showing overall revenue of €1.65 billion as it embarked on its first of a five year plan called “Take Off 2027”.

All in all, the French company continues to rely heavily on the US market, seeing more than 35% of its revenue generated here. The firm was decisive in getting everything in order, kick starting an Industrial Services division, reinforcing its acquisition of the Assistance Aéronautique et Aérospatiale (AAA) company, and continuing its development of the hybrid electric EcoPulse demonstrator. Daher managed to "transform" its managerial culture by deploying the "Daher Leadership Model" to 1,500 execs and managers. That imposition of standardized leadership principles might help the firm wrangle its new aeronautical employees, too. In the span of 2023, Daher hired and trained more than 410 new technical personnel for aerospace roles. 

“The supply chain’s fragility has a strong impact on the ability to deliver our aircraft and the parts that we produce for our customers. This is a key challenge for 2024, and we are geared up to meet it,” said Didier Kayat, the Daher Group’s Chief Executive Officer. “Improving our profitability is imperative – it is at the heart of our strategic plan – but the inflationary context considerably complicates the situation. The entire sector must question itself on the issue of pricing: it is a crucial subject which conditions the future. As a result of the renewed confidence from our historic investors, we already have secured our cash flow needs with a confirmed RCF (revolving credit facility) credit line of 250 million euros. And finally, we are continuing to recruit – as employees are our driving force, and they are the key link for the innovation of tomorrow.”

FMI: www.daher.com