Recaro seat sales drive record revenue

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Recaro Aircraft Seating's BL3250 model, as supplied to Lufthansa, led the company's sales in a 2011 which saw record revenue of €304.3 million ($382.9 million), up 6%, and record deliveries, of more than 85,500 units, up more than a fifth.

Recaro delivered nearly 34,000 BL3250s to Lufthansa, and has taken more than 100,000 orders for the model since its launch in late 2010. The company also increased headcount to 1,630, from 1,480 in 2010. Additions included 110 new jobs at headquarters in Schwaebisch Hall, Germany, where it will add another 90 jobs this year. By year-end, Recaro expects to have 1,800 employees, including 890 in Germany.

The company currently has plants in Germany, Poland, the USA and South Africa, and is building another in Qingdao, to produce seats for the Chinese market from 2013.

Chief executive Mark Hiller says revenue should hold steady throughout this year; high fuel costs are affecting airlines in different regions to differing degrees, but Recaro's order book features a "very balanced mix of orders from premium international carriers and low-cost carriers".

Hiller's five-year forecast sees sales rising to €500 million and production capacity to 120,000 seats, with a workforce rising to 2,200 employees.