28.09.2017

EANS-Adhoc: FACC AG / Audit pursuant to the Accounting Control Act completed

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 responsible for the content of this announcement.

Financial Figures/Balance Sheet/No Keyword
28.09.2017

Ried im Innkreis - The audit pursuant to the Accounting Control Act (RL-KG) of
the consolidated financial statements as of 29 February 2016 and of the half-
year financial reports as of 31 August 2015 and 31 August 2016 of FACC AG by
the Financial Market Authority (FMA) was completed by a decree. All recognized
infringements, with the exception of an accrual of provisions for onerous
contracts (violation of IAS 37.14 and IAS 37.66), have already been corrected
in accordance with IAS 8.42 in the consolidated financial statements as of 28
February 2017 and explained in the notes to the consolidated financial
statements. The notes also refer to the pending final clarification regarding
the provision for onerous contracts. On the basis of the final assessment by
the FMA, the provisions for onerous contracts are to be retroactively adjusted
by at least EUR 16.9 million as of the relevant balance sheet date. As of 31
August 2015, this provision has to be retroactively adjusted for the first time
by EUR 19.1 million. As of 29 February 2016, this provision is to be
retroactively reduced by EUR 1.9 million and, as of 31 August 2016, it is to be
retroactively increased by EUR 2.6 million. The amount of the provision as of
28 February 2017 is reduced by EUR 0.7 million to EUR 19.1 million.

 

end of announcement euro adhoc

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
ISIN: AT00000FACC2
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/7665/aom

Contact

Andreas Perotti
Director Marketing & Communications
Tel.: +43/59/616-1142
Cell: +43/664/ 80 119 1142
E-Mail: a.perotti@facc.com

About FACC

FACC is a worldwide leading aerospace company in design, development and production of aerospace technologies and advanced aircraft lightweight systems. Being the technology partner of all major manufacturers, FACC works together with its customers on developing solutions for the mobility of the future. Every second, there is an aircraft taking off with FACC technology on board. In the fiscal year 2022, FACC achieved 607 million Euro in revenues. Approximately 3,500 people from over 45 nations are employed at 15 international locations worldwide, with around 3,000 of them based in Austria. The company is listed on the Vienna Stock Exchange. For more information please visit facc.com.