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NAFCO Revenue Grew 50% in 2022
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2023-01-17
Aerospace fastener manufacturer NAFCO announced their December 2022 revenue at NT$254 million, up 18.4% month-over-month and 44.6% year-over-year, hitting a 39-month high since October 2019. The fourth quarter revenue was NT$682 million, up 16% quarter-over-quarter and 60.7% year-over-year. The full-year (2022) revenue was NT$2.193 billion, up 53.8% year-over-year, both hitting 3-year highs.
NAFCO benefited from the recovery of the aerospace market, with its utilization rate returning to the pre-pandemic level. With the improvement in supply chain, the revenue in December 2022 rebounded significantly from the previous month.
The company is also optimistic that with the gradual reopening of the global market, the demand for aircraft maintenance and new aircraft replacement is emerging, and aircraft manufacturers Boeing and Airbus are optimistic about the future aircraft market, which could drive the recovery of aerospace fasteners.
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