EANS-News: FACC AG continues to drive growth forward in first half of 2014/15

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6-month report

· Revenue rose by 3.4% to new record level of EUR 235.9 million ·
Strong increase of product revenue and high degree of capacity
utilisation in all divisions · Financial results below last year
resulting from the simultaneous ramp- up to serial production of
several new projects · Positive effecton second half earnings
expected from higher volumes and increased efficiencies · Market
demand for new and efficient aircraft remains at a high level ·
Management reiterates full year guidance

Ried / FACC AG continued its growth course in the first half of
2014/15 and recorded stable business performance over the reporting
period: In the first half of the fiscal year 2014/15, the FACC Group
generated revenue of EUR 235.9 million. This means an increase of EUR
7.8 million or 3.4% compared to the year- on-year amount of EUR 228.1
million. Revenue growth was driven by increased product revenue of
EUR 29.3 million or 15.9%, while revenue related to development
services dropped by EUR -21.5 million or -48.9% at the same time.
Product revenue recorded increases in the Aerostructures and
Interiors division, while the Engine & Nacelles division was in line
with last year. Product revenues picked up largely with respect to
the Airbus A321, Airbus A350 XWB, Boeing 787 and Boeing 737
programmes.

For the first half of the fiscal year 2014/15, earnings before
interest, taxes and fair value measurement of derivative financial
instruments (EBIT) amounted to EUR -14.5 million (first half 2013/14
EUR 7.7 million). As in the first quarter 2014/15, the change in
earnings position is also materially attributable to the higher
amount invoiced for development services in the first half of
2013/14. In the first half of 2014/15, it was not planned to invoice
a similar amount and, as a result, earnings are down relative to the
first half 2013/14. Over the course of the current fiscal year, most
notably in Q4, FACC is expected to invoice for development services
in line with the internal planning. In addition, FACC also started up
a number of new projects. This also impacted the results of the first
half of the fiscal year 2014/15. Measures aimed at raising efficiency
and reducing the production costs - such as learning curve effects,
the promotion of synchronised production, and a reduction in quality
and material costs - are being implemented.

"From an operational perspective, the first half year posed a number
of challenges as result of the combination of ramping up serial
production for new products and the commensurate increase in
production capacity and employees," said Walter A. Stephan, CEO of
FACC AG. "To support our goals, we have given highest priority to the
continued implementation of various optimisation programmes across
the company. Against this background, we believe that we are in an
excellent position to meet the operational and financial goals for
the current fiscal year."

In the first half of 2014/15, investments were made in accordance
with the investment budget and amounted to EUR 35.1 million (first
half of 2013/14 EUR 24.7 million). Capitalised development costs
contained in investments amounted to EUR 12.3 million (first half of
2013/14 EUR 7.1 million), mostly driven by engineering services
associated with the development of the Airbus A350, Embraer Legacy
450/500 and Embraer E-Jet 190. The expansion of production capacity
in the Interiors division was completed and put into operation.

As at the interim reporting date 31 August 2014, the FACC Group
employed a total of 3,169 staff. In comparison to the previous year's
reporting date, staff numbers increased by 628.

Outlook The global commercial aerospace industry continued to show
sustained steady growth. Demand from airlines for modern and
weight-optimised aircraft with increased efficiency remains at a high
level. From a current perspective, and on the basis of the orders
currently booked for the remaining two quarters of the fiscal year,
FACC expects a single digit revenue increase in fiscal year 2014/ 15,
with revenues from product deliveries projected to grow at a
double-digit rate in the fiscal year 2014/15.

The order backlog of the FACC Group continues to show positive
developments. New orders for major aircraft programs such as A320
family and Boeing 787-10, received during the reporting period,
strengthen the company's role as a technology leader and preferred
supplier partner in the commercial aerospace industry. "The high
order backlog and our long-standing customer partnerships further
support our strategy 'FACC Vision 2020' when it comes to
strengthening and expanding our position as a Tier 1 supplier of
customers such as Airbus, Boeing, Bombardier, Embraer and all major
engine manufacturers."

The interim report for the first half year 2014/15 is available for
download atwww.facc.com.

About FACC FACC AG is one of the world's leading companies in the
design, development and production of advanced fibre reinforced
composite components and systems for the aviation industry. Their
range of products reaches from structural components for the fuselage
and wings to engine components to complete passenger cabins for
commercial aircraft, business jets and helicopters. FACC is a
supplier to all large aircraft manufacturers such as Airbus, Boeing,
Bombardier, Embraer, Sukhoi, and COMAC as well as for engine
manufacturers and sub-suppliers of manufacturers.

In the business year of 2013/14, FACC achieved a turnover of 547.4
million Euros. The companycurrently employs more than 3,100
employees.Further information can be found under www.facc.com.

FACC AG - First Half Year Results in FY 2014/15

_____________________________________________________________________
_________ |Amounts in millions of | HY1 2014/15 |
HY1 2013/14 |

|Euro_____________________|________3-8/2014_________|_________3-8/2013_________|
|Overall_Revenue__________|____________________235.9|_____________________228.1|
|Revenue_per_division_____|_________________________|__________________________|
|Aerostructures___________|_____________________12.3|_____________________120.8|
|Engines_&_Nacelles_______|_____________________40.1|______________________40.6|
|Interiors________________|_____________________71.5|______________________66.7|
|Earnings before interest,| | |
|taxes and fair value | | |
|measurement of derivative| -14.5| 7.7|
|financial instruments | | |
|(EBIT)___________________|_________________________|__________________________|
|Net profit after taxes | | |
|adjusted for the change | | |
|in the fair values of | -14.0| 2.7|
|derivative financial | | |

|instruments______________|_________________________|________________
__________| |Total employees (end of | 3,169|
2,541| |period)__________________|_________________________|_________
_________________|

|Research and development | | |
|costs | 12.3| 7.1|
|Capitalized development | | |
|costs | 14.6| 23.4|
|Research and development | 11.4 %| 13.4 %|
|costs expensed | | |

|As_percentage_of_revenue_|_________________________|________________
__________|

Cautionary Statements Some of the information in this press release
may contain projections or other forward-looking statements regarding
future events or the future financial performance of the Company. You
can identify forward looking statements by terms such as "expect,"
"believe," "anticipate," "estimate," "intend," "will," "could," "may"
or "might," or, in each case, the negative of such terms or other
similar expressions. We wish to caution you that these statements are
only predictions and that actual events or results may differ
materially. We do not intend to update these statements to reflect
events and circumstances occurring after the date hereof or to
reflect the occurrence of unanticipated events. Many factors could
cause the actual results to differ materially from those contained in
our projections or forward-looking statements, including, among
others, general economic conditions, our competitive environment,
risks associated with our industry, as well as many other risks
specifically related to the Company and its operations.

Further inquiry note:
Presse:
Andrea Schachinger
Corporate Communication
Tel: 059/616-1194
E-Mail: a.schachinger@facc.com

Investor Relations:
Andreas Schoberleitner
Vice President Finance & IR
Tel: 059/616-1322
E-Mail: a.schoberleitner@facc.com

end of announcement euro adhoc
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company: 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