ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
Financial Figures/Balance Sheet
21.01.2016
At the end of the third quarter of 2015/16, revenues amounted to EUR 427.8
million (comparative period in 2014/15: EUR 381.8 million). This growth in
revenues was mainly driven by the increase in product revenues from EUR 343.8
million 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 42.1
million in the period under review. The main drivers with regard to product
revenues were the Boeing 787, Airbus A321, Airbus A350 XWB, Bombardier
Challenger 350 and Embraer Legacy 450/500 programmes. Revenues related to
development services were positively affected by the billing of a re-design
development service.
In the third quarter of 2015/16 EBIT increased by 43.6% to EUR 7.9 million
compared to the same period in the previous year. Cumulative earnings after the
first three quarters of 2015/16 rose by EUR 23.0 million thanks to the
concerted efforts in the implementation the Operational Excellence Initiatives
along with increased production volumes over the last few months.
The solid performance of the commercial aerospace market continued to have a
positive effect on the development of Group's revenues. On the basis of the
orders currently booked for the remaining quarters, the management of FACC AG
assumes that this positive operational development will continue over the year.
Due to a number of seasonality effects, an increase in sales of around 10% is
expected. As a result of the latest event (see also Subsequent events after the
interim reporting period) a guidance regarding the consolidated results is at
the moment not possible.
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