EANS-Adhoc: FACC AG / Annual Results of FACC AG for the 2015/16 Financial Year

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Financial Figures/Balance Sheet/Company Information
25.05.2016

-Group sales revenue increases by 11.1% from EUR 528.9 million to EUR
587.5 million -Substantial increase in operating profit -"FAKE
PRESIDENT INCIDENT" results in one-time charge on earnings of EUR
41.9 million -Production rate increases in Group's key programs
-Stable regional employer with approx. 3,000 employees - demand
rising -Dynamic growth expected to continue in aviation industry in
2016/17

Ried, May 25, 2016 - The FACC Group achieved significant growth in
sales of 11.1% in the 2015/16 financial year, specifically from EUR
528.9 million to EUR 587.5 million. This growth is attributable to
continuing dynamic growth in the civil aviation industry. In addition
to generally good progress with delivery rates in FACC's key
programs, the production rate increase for the Airbus A350 XWB made
the largest contribution to this positive development. Sales revenues
from product deliveries increased by 11.6% to EUR 525.9 million.
Sales revenues from the charging of development services rose by 7.1%
to EUR 61.6 million in the same period. The Group's results for the
2015/16 financial year are marked by two major events. On the one
hand, operating profit improved by around EUR 23 million after a loss
of EUR 4.5 million last year. Operating profit - before adjustment
for one-time effects - amounted to EUR 18.6 million. On the other
hand, the "FAKE PRESIDENT INCIDENT" resulted in a charge of EUR 41.9
million appearing as a one-time effect in the profit and loss
account. Thanks to the immediate actions taken, it was possible to
impose a block on a sum of EUR 10.9 million in recipient accounts.
This amount appears as an "other receivable" in the balance sheet. It
can be assumed that the blocked amounts in recipient accounts will
flow back in the medium term. The earnings from operational
activities before interest and taxes and before fair-value valuation
of financial instruments (EBIT) amounted to EUR -23.4 million
(2014/15: EUR -4.5 million) after taking account of the one-time
charge.

FACC Group The products developed in recent years are increasingly
entering into series production. The sales volume arising from the
A350 XWB projects will more than double in the next two to three
years and become a major driver of business development. Apart from
production start-ups for the A350 XWB, forecasts predict a continuing
increase in demand for the Boeing 787 as well as for the A320 in the
coming two to three years.

Due to FACC's balanced, modern product and customer portfolio, the
company can benefit from the general growth of almost all aircraft
families. Development work for the major projects of the last ten to
twelve years, especially that for the A380, A350 XWB, and Boeing 787
models, has basically been concluded. The focus now is on optimum
industrialization of these projects as well as on continuous
improvement projects.

In its plans for the 2016/17 financial year, FACC expects that sales
growth will be in the double-digit percentage range. From the present
perspective, turnover from development activities will no longer
reach the levels of 2012 and 2013 in the near future. As already
mentioned, neither Airbus nor Boeing will be launching any new major
projects in the near term. Instead, continuous improvements will be
required on existing aircraft types, which are likely to be less
risky in terms of their technical complexity and simultaneously more
manageable in terms of their financial burden.

In summary, the FACC Group will continue to expand its activities -
from development to production through to global supply chain
management - and thereby strengthen its position as a preferred
partner of the aviation industry. Implementation of the corporate
strategy "FACC Vision 2020" remains the top priority with regard to
expanding the Group's ranking as a tier-1 supplier with its customers
Airbus, Boeing, Bombardier, Embraer and all renowned engine
manufacturers.

Industry outlook The situation in the aviation industry remains very
positive. Delivery rates increased again last year. The value of new
orders did not quite reach the level of the previous year. However,
despite this slight easing, the backlog of ordered aircraft amounts
to approximately nine years of production.

This growth trend should continue to persist in future: Analyses from
the OEMs currently confirm a constant annual increase in passenger
numbers of around 5%. In the next 20 years, the global aircraft fleet
will more than double in size from the present level of around 18,500
commercial aircraft (source: Airbus Global Market Forecast, April
2016) to around 37,500 aircraft by 2034. At the same time, 12,400
aircraft from the existing fleet will be withdrawn from service and
replaced by modern aircraft. According to this assessment, a demand
exists for 31,400 new aircraft to be delivered within the next 20
years.

The annual Report is available for download via the Group Website
http://www.facc.com/en/Investor-Relations/Reports

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