Austria-based supplier of for ATC communication and information systems Frequentis has reported an order book worth more than €0.5 billion for the first time.
Revenues at Vienna, Austria based company were up almost 11% to €427.5 million for last year, with an almost 25% increase in orders to €504.8 million over the same period.
By region, two thirds of the revenues were generated in Europe, 16% in the Americas, 11% in Asia, and 7% in Australia / Pacific / Africa.
Norbert Haslacher CEO of Frequentis said, “We managed to increase revenues and order intake volumes in all segments. That is a tremendous success for our team. I would like to thank the 2,200 employees who work for Frequentis around the world for their commitment and contribution to this success,”
Frequentis, which also supplies communications equipment into other mission critical sectors alongside ATC, saw large orders from Verizon / FAA for the delivery of an Enterprise Network Service system in the USA and for a voice communication system for the Canadian air navigation service provider. In addition the company received orders for a communication system for the nationwide rail network in France, and in Norway for a nationwide control centre communication for emergency rescue and medical on-call services.
The company said that last year it invested around 6% of revenues into R&D, including the ongoing development of aeronautical information systems for drone management, digital towers, and the use of network technology in the safety-critical sector. Some examples of this R&D are already operational, such as the digital traffic management system for Austro Control Dronespace and the drone-controlled inspection system for the Austrian rail network (ÖBB).
Frequentis has been a publically traded company since 2019. The company said it expects order intake and revenues to increase further in 2024 compared with 2023.