EANS-Adhoc: FACC AG / FACC climbed to new heights in Q1 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.
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Financial Figures/Balance Sheet/3-month report
13.07.2016

-Group revenues rose by 20.7% to EUR 164.9 million -Significant
increase in operating results and considerable growth across all
divisions -Stable employer in the region with roughly 3,000 employees
-recruiting initiative will be continued -The outlook for the current
financial year remains very positive

The aviation industry is booming! As a result, the requirements of
both our customers and stakeholders are also constantly rising. FACC
seeks to exploit the opportunities provided by the market. In the
first quarter of 2016/17, we were able to significantly increase our
product revenues by 23.3% to EUR 154.2 million. This growth was
mainly driven by the Boeing 787 and 737, Airbus A321 and Airbus A350
XWB programmes. Group revenues, including revenues from development
services, totalled EUR 164.9 million in the period under review,
which corresponds to an increase of almost 21%!

The consistent implementation of measures to enhance efficiency, the
stabilisation of our numerous new projects and the consistent
leverage of automation potentials led to a significant improvement in
earnings: FACC AG's EBIT stood at EUR 2.6 million in the first
quarter of 2016/17, thus more than doubling compared to the same
period in the previous year!

The planned increase in production rates and the resulting strong
order intake not only ensure a high degree of capacity utilisation at
the company's sites for the years to come but also create new jobs at
our production plants in Upper Austria. Therefore, our recruiting
initiative will go on: this year alone, we plan to hire roughly 250
new employees, for instance, in the purchasing, sales, technology and
production areas.

The first quarter of 2016/17 was not only characterised by operating
improvements but also by personnel changes. As a further consequence
of the "Fake President Incident", FACC AG's CEO Walter Stephan was
dismissed by the Supervisory Board with immediate effect in its
meeting on 24 May 2016. Management Board member Robert Machtlinger
was appointed as interim CEO. "Over the past few weeks, I have
personally conducted open and constructive discussions with all major
business partners and customers. The general sentiment is that FACC
AG has the full trust and support of all customers, suppliers,
financial partners and employees," pointed out Robert Machtlinger.
"We have drawn the necessary conclusions from the Fake President
Incident and taken corresponding action. We are doing everything we
can to minimise the incurred loss. We are currently releasing the
funds of EUR 10 million, which had been previously frozen," so
Machtlinger.

With Ales Stárek as the new CFO and George Maffeo as new Supervisory
Board member, FACC AG's management team can now rely on the support
of two internationally renowned top managers. "With Stárek and
Maffeo, we have a good setup and are well positioned to proactively
exploit market chances and push full steam ahead," so Machtlinger.

With optimism into the future FACC is viewing the future with
optimism. The products developed over the last few years are
increasingly starting serial production. Sales volumes of the A350
projects will more than double over the next two to three years,
becoming a major driver of the company's overall business
development. In addition to the series production of the A350
projects, current forecasts also envisage a further increase in
demand also for both the B787 and A320 programmes over the next year
or two. Following the delivery of the first C-Series aircraft models
to Swiss and the resulting increase in demand, further sustainable
operating growth is expected moving forward.

Thanks to FACC's balanced and modern product and customer portfolio,
the company can profit from the general growth trend currently
underway in almost all aircraft families. Development work on the
large projects of the past ten to twelve years, particularly for the
A380, A350, B787 aircraft models, are completed. The main focus
currently lies on the optimal industrialisation of these projects as
well as on ongoing improvement projects.

The investments made by the FACC Group in the A350 XWB, B787, Legacy
450/500, Bombardier CL 350 and Global 7000/8000 new projects are
showing sustainable effects. As a system supplier, FACC will profit
significantly from the serial ramp-up of these projects. In addition
to increasing revenues, this will also ensure a high degree of
capacity utilisation at the company's plants.

With roughly 3,000 employees, FACC is currently one of the largest
employers in the region. With the "FACC Vision 2020", we pursue the
objective to continue to grow from a position of strength, while
consistently improving efficiency and boosting profitability. To this
end, a number of dedicated "Operational Excellence" projects were
launched. These projects aim to increase the degree of automation in
production, raise productivity and reduce products' processing costs
as well as to boost margins by outsourcing the production of simple
composite parts. The main objective of these activities is a general
increase in the overall productivity of 7 to 10% depending on the
respective product mix.

For the full year 2016/17, FACC plans to achieve double-digit revenue
growth. At the same time, the main focus will be on the achievement
of the earnings targets, which the company will meet in line with the
expectations of our stakeholders.

In a nutshell: FACC AG looks to the future with great optimism and
expects an ongoing positive business performance.

Further inquiry note:
Investor Relations:
Manuel Taverne
Director Investor Relations
Mobil: 0664/801192819
E-Mail: m.taverne@facc.com

Presse:
Andrea Schachinger
Corporate Communication
Tel: 059/616-1194
E-Mail: a.schachinger@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