Aerolia full-year 2012 revenue reaches €1 billion

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French aerostructure specialist Aerolia reached annual turnover of €1 billion ($1.33 billion) for the first time in 2012, as the EADS subsidiary continued expanding its activities beyond main customer Airbus.

Aerolia produces the nose fuselage sections and various other subassemblies for all Airbus models. It delivered 612 shipsets to the European airframer last year, up 11% from 2011.

But the Toulouse-headquartered company says that its revenue growth is partly due to diversification into other aircraft programmes and activities.

For example, Bombardier contracted Aerolia in 2011 to design and build the centre fuselage for its Global Express 7000 and 8000 jets.

The French manufacturer also sees growth potential in the production of prototype parts and engineering services.

Chief executive Christian Cornille plans to triple turnover to €3 billion by 2020, with 50% of business coming through acquisitions and new global markets.

Revenue has thus far grown around 51% since the former Airbus division was re-organised as a standalone company in 2009.