Immenstaad, 24 April 2025 – The ZIM Aircraft Seating Group generated revenue of more than 100 million euros in fiscal year 2024. It is the first full fiscal year since the acquisition of HAECO Cabin Solutions. The prior-year figure of more than 40 million euros came exclusively from the German business, because the US site was only added towards the end of 2023. The two figures are therefore not directly comparable.
The jump comes from two sources
The increase stems from two overlapping developments. First, the US site is included in the consolidated financial statements over a full twelve months for the first time. Greensboro brought a dedicated production base in North America, a complete Economy portfolio and new airline customers. Second, the German business is growing under its own momentum: the ZP610 is being delivered in series to the Lufthansa Group and SWISS, and the programme with Air New Zealand is ramping up.
Two segments, two sites
The division of labour within the Group is clearly defined. Development and manufacturing of Premium Economy seats are located in Markdorf and Immenstaad, while Economy seats are in Greensboro. The two segments follow different logics: Premium Economy is more customer-specific and high-margin, while Economy is a volume business with high unit numbers and a tight delivery cadence. That the Group can now offer both cabin classes from its own resources is the real strategic effect of the acquisition.
What the figure does not show
Growth on this scale ties up capital before it generates revenue. Materials must be pre-financed, capacity built ahead of the order and certification work completed long before the first seat is delivered. The investments of recent months at the US site – additional warehouse space and expanded test capacity – are therefore not a consequence of growth but its prerequisite.
Outlook
The Group expects further growth in the coming years. It will be driven by the retrofit business, in which airlines renew existing cabins, and by the continued expansion of Premium Economy on long-haul routes. The limiting factor remains less demand than the ability to grow capacity, supply chains and certification at the same pace.
