EANS-Adhoc: According to preliminary figures, FACC recorded a further increase
in sales in fiscal year 2017/18 as well as a significant increase in earnings
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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 responsible for the content of this announcement.
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Annual Result
04.04.2018
Ried i. Innkreis -
* Sales increase to EUR 750.7 million
* Significant increase in earnings
* Firm order backlog increased to $ 5.9 billion as a result of new orders
According to the communicated outlook of the management, sales again increased
according to the market development. Overall, sales in 2017/18 improved by 6.4 %
to EUR 750.7 million after EUR 705.7 million in the previous year. The increase
is primarily attributable to the stable development of the aerospace industry
and the increase in the production rates of major aircraft programs.
In terms of results, the targeted goal of a further increase in EBIT was
achieved too. According to preliminary figures, operating EBIT in the 2017/18
financial year increased by 93.1 % to EUR 48.3 million (2016/17: EUR 25.0
million). After taking one off effects into account, EBIT increased to 152.8 %
or EUR 63.2 million.
With net debt of around EUR 182.0 million based on preliminary figures, FACC was
not only down 7.6 % on the previous year's figure of EUR 197.0 million, but was
also able to cope with the increase in operating performance as well as to
improve the cash flow significantly by EUR 15.0 million.
Significant new orders in all divisions were contractually agreed with its
customers, the firm order backlog increased to US$ 5.9 billion in the 2017/18
financial year.
The figures quoted are still unaudited preliminary IFRS figures of FACC AG. The
annual financial report and the annual report of FACC AG will be published on
May 16, 2018.
Further inquiry note:
Investor Relations:
Manuel 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
ISIN: AT00000FACC2
indexes:
stockmarkets: Wien
language: English
