April 19 2022  |  Seating

Recaro sets sights on double-digit growth for 2022

By Jayson Koblun

Recaro Aircraft Seating produced nearly 60,000 seats in 2021

Aircraft seating company Recaro reported its 2021 revenue and has set its sights on innovation and development with double-digit growth set for 2022.

Revenue for Recaro in 2021 neared €270 million and despite pandemic related challenges, the company managed to sustainably grow its business, said an April 11 press release.

Recaro Aircraft Seating produced nearly 60,000 aircraft seats at the company’s four global sites, which is slightly more than 2020 production numbers, and continues to invest in Research & Development.

“Our global set up enables us to manage a strong market recovery. We are looking ahead to a positive growth outlook driven by major investments in new technologies and expanding our global footprint into new market segments, like train seating,” said Mark Hiller, CEO at Recaro, in the release. “As always our global employees are the company’s most important assets and are the cornerstone of our business success. Thanks to their hard work, we are well-positioned for future progress and advancement.”

The company continues work on expanding its footprint in the Economy Class and Business Class as well as regional jet markets.

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