EANS-Adhoc: FACC AG FACC AG ANNOUNCES A NEGATIVE EBIT AND A DECREASE IN
REVENUES FOR THE 2014/15 FISCAL YEAR BECAUSE OF DELAYED RECOGNITION OF REVENUES
FROM CUSTOMERS (PRELIMINARY RESULT)
--------------------------------------------------------------------------------
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
08.05.2015
Notwithstanding continuing order backlog growth and a double-digit growth in
product output across all business divisions for the 2014/15 fiscal year, FACC
AG announces today delays in recognition of revenues from customers in an
aggregate amount of approx. EUR 34.0 million. These delays relating to two large
programs will result in a negative EBIT for FACC AG's 2014/15 fiscal year of EUR
4.5 million and a decline in revenues to EUR 528.9 million (2013/14: EUR 547.4
million). FACC AG is in advanced negotiations with such customers regarding the
settlement of the related contract amendments. The management will provide an
update on these negotiations as well as the 2014/15 full year financial results
on May 21, 2015.
Further inquiry note:
Investor Relations:
Manual Taverne
Director Investor Relations
Mobil: 0664/801192819
E-Mail: m.taverne@facc.com
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
