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FACC AG

EANS-Adhoc: FACC AG
FACC reports significant improvement in earnings in Q3 2016/17

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is solely responsible for the content of this announcement.
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Earnings Forecast/9-month report
18.01.2017


-Dynamic revenue trend continued in Q3 2016/17 / +24%
-Significant improvement in earnings of +44% in Q3 2016/17
-3,419 employees on board: Headcount increase stabilizing
-Significant growth in revenues and earnings expected for the business year
2016/17

In the first nine months of fiscal year 2016/17, FACC AG recorded sustained
strong growth thanks to the continued positive development in the civil aviation
industry - both in revenues and earnings.

In the first nine months of 2016/17, revenues amounted to EUR 525.1 million
(comparative period in 2015/16: EUR 427.8 million). This growth in revenues of
23% was mainly driven by a significant increase in product revenues of 25% or
EUR 94.6 million to EUR 480.3 million in the period under review. As in previous
quarters of 2016/17, the main drivers of product revenues were the Airbus A320
family, the Airbus A350 XWB, as well as the continuing stable development of the
serial production of Boeing and Bombardier aircraft programs. 

The earnings development in the first nine months of 2016/17 developed within
the framework of expectations. In the first nine months of 2016/17, the earnings
before interest, taxes and fair value measurement of derivative financial
instruments (EBIT) amounted to EUR 16.0 Million (comparative period in 2015/16:
EUR 14.0 Million). The result of the current period under review includes also
nonrecurring expenses of 1.7 million EUR that are associated with the "Fake
President Incident". Costs for short-term personnel measures - such as the
increase in leased staff - led, because of the positive development of programs,
to a temporary increase in personnel costs in the first half of the business
year. 

Outlook
Thanks to FACC's balanced and modern product and customer portfolio, the company
can profit from the general growth trend currently underway in almost all
aircraft families.

Development work on the large projects is completed. The main focus of the
aviation industry currently lies on the ongoing development and
industrialization of these projects. With regard to product developments, we are
in a position to use our extensive experience in a targeted manner for the
further development of derivative aircraft models. We are currently witnessing
rising demand for engineering services for future applications, which we will be
able to provide moving forward. Thus, we are intensively pursuing and driving
forward cooperation for next-generation aircraft models.

The investments made by the FACC Group in the A350 XWB, B787, Legacy 450/500,
Bombardier CL 350, Global 7000/8000 new projects, to name only a few, are
showing sustainable effects. As a system supplier, FACC will profit
significantly from the serial ramp-up of these projects. In addition to
increasing revenues, this will also ensure a high degree of capacity utilization
at the company's plants.

In summary, against the backdrop of a continued solid business development over
the further course of the 2016/17 financial year, the company expects group
revenues to increase by 20% to approximately EUR 700 million. The operating
measures implemented in the course of the year to enhance efficiency are
gradually bearing their first fruits and will therefore contribute to a
significant improvement in earnings for the full year 2016/17.

Interim Report (EN Version) ?
http://www.facc.com/content/download/5120/42726/file/Interimreport_Q3_EN.pdf


Further inquiry note:
Investor Relations:
Manual Taverne
Director Investor Relations
Mobil: 0664/801192819
E-Mail:  m.taverne@facc.com

end of announcement                               euro adhoc 
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issuer:      FACC AG
             Fischerstraße 9
             A-4910 Ried im Innkreis
phone:       +43/59/616-0
FAX:         +43/59/616-81000
mail:         office@facc.com
WWW:      www.facc.com
sector:      Industrial Components
ISIN:        AT00000FACC2
indexes:     
stockmarkets: Regulated free trade: Wien 
language:   English

Original-Content von: FACC AG, übermittelt durch news aktuell

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