Montana Aerospace reports 9.5% net sales increase for FY23

Aerostructures supplier Montana Aerospace has reported its net sales for the full year of 2023 grew by 9.5% to €1.4bn ($1.5bn). Its adjusted EBITDA rose by 2.6% to €137.7 million ($148.5 million). Additionally, it reported a first-time positive free cash flow for the full year at €52.6 million ($56.7 million), up €71.5 million ($77.1 million) from 2022. The company expects net sales of circa €1.7bn ($1.8bn) for 2024 and an adjusted EBITDA in the range of €180-200 million ($194.2-215.8 million).