EANS-Adhoc: FACC AG Preliminary results showing significtant sales growth and
a disproportional increase in earnings for the business year 2016/17
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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 solely responsible for the content of this announcement.
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Financial Figures/Balance Sheet
24.03.2017
- Increase in sales of 20.9 % to EUR 710.2 mill.
- Disproportional improvement in earnings of 36.0% due to stringent
structural and cost measures
FACC AG has continued its growth path in the 2016/17 business year and achieved
a significant increase in its key financial figures.
Preliminary sales of FACC AG increased in the 2016/17 business year by approx.
20.9 % to EUR 710.2 mill.. This considerable increase is above all due to the
sustainable positive development within the aerospace industry, the modern
product portfolio of the group, and the improving production rates of many
aerospace programs.
The preliminary EBIT amounts to EUR 25.3 mill. This represents an increase
compared to previous year's period of 36.0 % or EUR 6.7 mill. as well as an EBIT
margin of 3.6 %. The operating measures implemented in the course of the year to
enhance efficiency were gradually bearing fruits and therefore contributed to a
significant improvement in earnings for the 2016/17 business year.
Because of the higher sales volume, preliminary net financial debt increased,
after EUR 171.9 mill. in the previous year, moderate to EUR 197,0 mill. Compared
the report figure at the end of the third quarter 2016/17, the net financial
debt was reduced by more than EUR 40 mill.
The shown values are unaudited preliminary IFRS figures of FACC AG. The annual
financial report as well as the annual report of FACC AG will be published on
May 17, 2017.
Further inquiry note:
Investor Relations:
Manual Taverne
Director Investor Relations
Mobil: 0664/801192819
E-Mail: m.taverne@facc.com
end of announcement euro adhoc
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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
