EANS-Adhoc: FACC AG / FACC AG closes the first half of 2015/16 with continuous solid revenue growth and noticeable improvement in earnings

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Mid Year Results/6-month report
22.10.2015

- Product revenues 16.2 % above the previous year's figure
- Earnings improvement (EBIT) of EUR 20.5 million.
- Robust firm order backlog of USD 5.2 bn

The continuous solid performance of the commercial aerospace market
had a positive effect on the development of Group's revenues in the
first half of 2015/16.

In the first half of 2015/16, revenues amounted to EUR 270.1 million
(comparative period in 2014/15: EUR 235.9 million). This growth in
revenues was mainly driven by the increase in product revenues from
EUR 212.8 million as of 31 August 2014 to EUR 247.3 million as of 31
August 2015, while revenues related to development services remained
stable at EUR 22.8 million in the period under review (comparative
period in 2014/15: EUR 23.1 million). The main drivers with regard to
product revenues were Airbus A321, Airbus A350 XWB, Bombardier
Challenger 350 and Embraer Legacy 450/500 programs.

Earnings before interest, taxes and fair value measurement of
derivative financial instruments (EBIT) amounted to EUR 6.0 million
for the first half of 2015/16 (H1 2014/15: EUR -14.5 million). This
increase in earnings of EUR 20.5 million compared to the same period
of the previous year is mainly attributable to higher product
deliveries along with the adoption of operating measures aimed at
boosting efficiency and cutting costs.

Based on the orders currently booked for the remaining quarters, the
management of FACC AG assumes that this positive development of both
revenues and earnings will continue over the year. Due to a number of
seasonality effects, a high single-digit percentage increase is to be
expected.

Besides, the company continues to press ahead with the implementation
of the FACC Operational Excellence Initiatives with a view to
considerably reducing direct production costs along with fix expenses
and costs of materials on hand.

Meeting the earnings targets for the 2015/16 financial year will
largely depend on the successful implementation of efficiency
measures in connection with the above-mentioned increase in output
rates for new projects and the completion of customer negotiations
currently underway.

The Report ist available via
http://www.facc.com/en/Investor-Relations/Reports for download.

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