The 2023 financial year bore witness to a series of triumphs and successes for the Swiss aircraft manufacturer Pilatus, despite the prevailing challenges of the industry.
From record-breaking deliveries to substantial financial gains, Pilatus soared to new heights, cementing its position as a leader in the aviation sector.
Record-Breaking Performance
View overall the 2023 financial year was characterized by high, unbroken demand.
148 aircraft were delivered across the year, despite the ongoing challenges of the operating environment.
With total sales of 1.478 billion Swiss francs, operating income of 240 million Swiss francs and new orders worth 1.513 billion Swiss francs, Pilatus closed out the past year with record results.
Sales and Revenue
Pilatus’s performance in the fiscal year 2023 exceeded all expectations. The company reported total sales amounting to 1.478 billion Swiss francs, marking a significant milestone in its financial history.
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Aircraft Deliveries
Despite the operational hurdles posed by the global environment, the manufacturer successfully delivered a remarkable total of 148 aircraft in 2023. All in all, 47 PC-24s and 101 PC-12s were handed over to customers last year.
This feat supports the view of continued market demand for Pilatus aircraft as well as being a testament to the company’s preparedness to meet evolving customer needs.
Operating Income
With an operating income of 240 million Swiss francs, Pilatus demonstrated robust financial health and operational efficiency, further solidifying its position as a formidable player in the aviation market.
Key Highlights of 2023
With respect to its aircraft production line, a couple of milestones were marked during the year. Yhr month of May saw the 2,000th PC-12 delivered to a long-standing customer, PlaneSense.
In October, Pilatus celebrated the launch of the new PC-24, with its increased payload and range.
Hansueli Loosli, Chairman of the Board of Directors of Pilatus, was positive about the past year: “We invested a lot in 2023: in products, staff, growth, infrastructure, digitalization – and always with unwavering focus on our customers’ needs.”
Markus Bucher, CEO of Pilatus, added: “These impressive results will provide the basis for a promising, successful, sustainable future.”
Expansion of Product Portfolio
Pilatus expanded its product portfolio with the introduction of the new PC-24 aircraft, boasting enhanced payload capacity and extended range.
This milestone reaffirmed Pilatus’s dedication to innovation and customer-centric solutions.
Government Aviation Success
In the realm of Government Aviation, Pilatus secured a significant deal with the Spanish Air Force, further bolstering its presence in this strategic sector.
The closure of a purchase of 16 PC-21s underscored the trust and confidence placed in Pilatus’s aircraft by defense forces worldwide.
Employee Growth and Welfare
Pilatus witnessed not only financial growth but also an increase in its workforce, reaching 2848 employees by the end of 2023.
This expansion is a testament to Pilatus’s commitment to nurturing talent and fostering a supportive work environment.
Strategic Acquisitions
In pursuit of enhancing its production capabilities and customer support services, Pilatus embarked on strategic acquisitions.
Firstly, it carried out a phased takeover of all approximately 230 employees and the machinery of RUAG Aerostructures Schweiz AG at the site in Emmen.
The takeover of RUAG Aerostructures Schweiz AG sought to increase overall production capacity for the Swiss aircraft manufacturer.
In December 2023, Pilatus also acquired the sales and maintenance services of Aero Center Epps, a previously independent sales center based in Atlanta.
Looking Ahead for Pilatus
Looking ahead, the manufacturer remains steadfast in its commitment to sustainability and environmental stewardship.
By investing in renewable energy sources and eco-friendly infrastructure, Pilatus aims to reduce its carbon footprint and contribute to a greener future for aviation.
Driven by a culture of innovation, the company will also continue to invest in its research and development arm, ensuring that its products remain at the forefront of technological advancement.
By anticipating market trends and customer needs, Pilatus looks to be nicely poised for continued sustained growth and success.
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