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announcement.
Financial Figures/Balance Sheet/3-month report
16.07.2015
Product revenues 15.6 % above the previous year's figurenEarnings improvement of EUR 6.5 mill.nFirm order backlog of USD 5.5 bn significantly above the previous year's levelnThe solid performance of the commercial aerospace market had a positive effect
on the development of Group's revenues in the first quarter of 2015/16. In the
first quarter of 2015/16, revenues amounted to EUR 136.7 million (Q1 2014/15:
EUR 119.7 million). This 14.2% growth in revenues was mainly driven by the
increase in product revenues from EUR 108.2 million in Q12014/15 to EUR 125.1
million in Q1 2015/16. Product revenues were mainly driven by the Boeing 787 and
737, Airbus A321, Airbus A350 XWB and A380 as well as Bombardier Challenger 350
and Embraer Legacy 450/500 programs.
In the first quarter of 2015/16, earnings before interest, taxes and fair value
measurement of derivative financial instruments (EBIT) amounted to EUR 1.2
million (Q1 2014/15: EUR -5.3 million). This increase in earnings of EUR 6.5
million compared to the same period of the previous year is mainly attributable
to higher product deliveries along with the adoption of operating measures aimed
at boosting efficiency and cutting costs.
Based on the orders currently booked for the remaining quarters, the management
of FACC AG assumes that this positive development of both revenues and earnings
will continue over the year. Due to a number of seasonality effects, a high
single-digit percentage increase is to be expected. Besides, the company
continues to press ahead with the implementation of the FACC Operational
Excellence Initiatives with a view to considerably reducing direct production
costs along with fix expenses and costs of materials on hand. Meeting the
earnings targets for the 2015/16 financial year will largely depend on the
successful implementation of efficiency measures in connection with the
above-mentioned increase in output rates for new projects and the completion of
customer negotiations currently underway.
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
sector: Industrial Components
ISIN: AT00000FACC2
indexes:
stockmarkets: Regulated free trade: Wien
language: English
Digital press kit: http://www.ots.at/pressemappe/7665/aom