VANCOUVER, BC, April 22, 2021 /CNW/ – Avcorp Sanayi A.Ş.. (TSX: AVP) (the “Company” or “Avcorp”) is providing today guidance with respect to its upcoming interim financial results as well as certain financial information pertaining to the anticipated long term business activity, operations and anticipated results. The guidance and forward-looking financial information contained herein is based on the reasonable belief of management, subject to the risks and cautionary statements outlined below under the heading “Forward Looking Statements”. The guidance provided herein has been approved by the board of directors on April 22nd, 2021.
Sanayi Genel bakış
The onset of the global pandemic has significantly impacted the demand for travel as the various governments announced restrictions to curb the COVID-19 virus and variant progression. The 737 MAX grounding had also caused significant drop in revenue for the Company’s Boeing programs in the proceeding 2 years.
Looking ahead and following the US Federal Aviation Administration and other aviation regulators around the world rescinding the ban on 737 MAX; deliveries and productions rates have increased and are expected to gradually increase through early 2022. As the vaccination efforts around the world gain momentum, there is strong recovery observed in passenger volume in certain parts of the world, particularly in the western countries. Current forecasts from IATA and the OEM’s indicate recovery, in terms of travel demand is likely to recover by 2023-2024. Based on this information, the Company providing this financial guidance and long term forecasts.
Avcorp continues to focus on liquidity, debt management, productivity improvements and opportunities within sustainable technologies to achieve full potential as the industry recovers from COVID 19 impact.
1. Çeyrek Finansal Sonuçlar
For the first quarter ended March 31, 2021, Avcorp is forecasting revenues of $24 million split 46% commercial aviation and 54% defence. As at the quarter end, the Company order backlog was $393 million split as to 83% commercial and 17% defence. For the period the Company is forecasting EBITDA of $20 million.
2021 figures include a one time claim settlement.
2022-2025 figures include management’s best projections of new contract awards.
The long term forecasted revenue and anticipated EBITDA are based on management’s expectations for new contracts being awarded from existing customers together with the existing work backlog. The actual results may differ materially from the forecast and the Company’s results are subject to inherent risks which may have an impact on these financial results.
Avcorp hakkında
Avcorp Group, BAE Systems, Boeing, Bombardier, Lockheed Martin ve Subaru Corporation dahil olmak üzere dünyanın önde gelen bazı uçak şirketleri için büyük gövde yapıları tasarlar ve inşa eder. Avcorp Group, 60 yıldan fazla deneyime, 500'ün üzerinde kalifiye çalışana ve 636,000 metrekarelik tesise sahiptir. Kanada, Delta British Columbia'da bulunan Avcorp Structures & Integration, metalik ve kompozit hava yapılarının montajı ve entegrasyonuna adanmıştır; Kanada, Burlington Ontario'da bulunan Avcorp Engineered Composites, kompozit hava yapılarının tasarımına ve üretimine adanmıştır ve ABD Kaliforniya, Gardena'da bulunan Avcorp Composite Fabrication, kompozit hava yapıları için gelişmiş kompozit hava yapıları üretim yeteneklerine sahiptir. Avcorp Group, uçak üreticilerine entegre kompozit ve metalik uçak yapıları sunar; bu, daha düşük maliyetli, hafif, güçlü, güvenilir yapılar gerektiren yeni uçak tasarımlarına yönelik sözleşmelerin takibinde belirgin bir avantajdır. Comtek Advanced Structures Ltd., Burlington, Ontario, Kanada lokasyonumuzda uçak operatörlerine ticari uçaklar için uçak yapısal bileşen onarım hizmetleri de sağlamaktadır.
Avcorp Composite Fabrication Inc., tamamen Avcorp US Holdings Inc.'e aittir. Her iki şirket de ABD, Delaware Eyaleti'nde kurulmuştur ve Avcorp Industries Inc.'in tamamına sahip olduğu yan kuruluşlardır.
Kanada'nın Ontario eyaletinde bulunan Comtek Advanced Structures Ltd., Avcorp Industries Inc.'in tamamına sahip olduğu bir yan kuruluşudur.
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Source: https://canadianaviationnews.wordpress.com/2021/04/23/avcorp-industries-inc-provides-q1-2021-financial-guidance-and-five-year-forecasts/
