EANS-Adhoc: FACC AG / Interim Report for the first nine months of the business year 2015/16
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-widedistribution. The issuer is solely responsible for the content of thisannouncement.
Financial Figures/Balance Sheet
At the end of the third quarter of 2015/16, revenues amounted to EUR 427.8million (comparative period in 2014/15: EUR 381.8 million). This growth inrevenues was mainly driven by the increase in product revenues from EUR 343.8million as of 30 November 2014 to EUR 385.7 million as of 30 November 2015,with revenues related to development services also rising by 11.0% to EUR 42.1million in the period under review. The main drivers with regard to productrevenues were the Boeing 787, Airbus A321, Airbus A350 XWB, BombardierChallenger 350 and Embraer Legacy 450/500 programmes. Revenues related todevelopment services were positively affected by the billing of a re-designdevelopment service.
In the third quarter of 2015/16 EBIT increased by 43.6% to EUR 7.9 millioncompared to the same period in the previous year. Cumulative earnings after thefirst three quarters of 2015/16 rose by EUR 23.0 million thanks to theconcerted efforts in the implementation the Operational Excellence Initiativesalong with increased production volumes over the last few months.
The solid performance of the commercial aerospace market continued to have apositive effect on the development of Group's revenues. On the basis of theorders currently booked for the remaining quarters, the management of FACC AGassumes that this positive operational development will continue over the year.Due to a number of seasonality effects, an increase in sales of around 10% isexpected. As a result of the latest event (see also Subsequent events after theinterim reporting period) a guidance regarding the consolidated results is atthe moment not possible.
end of announcement euro adhoc
issuer: FACC AG
A-4910 Ried im Innkreis
sector: Industrial Components
stockmarkets: Regulated free trade: Wien
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