EANS-Adhoc: FACC AG / FACC reports significant improvement in earnings in Q3 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.
The issuer is solely responsible for the content of this announcement.
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Earnings Forecast/9-month report
18.01.2017

-Dynamic revenue trend continued in Q3 2016/17 / +24% -Significant
improvement in earnings of +44% in Q3 2016/17 -3,419 employees on
board: Headcount increase stabilizing -Significant growth in revenues
and earnings expected for the business year 2016/17

In the first nine months of fiscal year 2016/17, FACC AG recorded
sustained strong growth thanks to the continued positive development
in the civil aviation industry - both in revenues and earnings.

In the first nine months of 2016/17, revenues amounted to EUR 525.1
million (comparative period in 2015/16: EUR 427.8 million). This
growth in revenues of 23% was mainly driven by a significant increase
in product revenues of 25% or EUR 94.6 million to EUR 480.3 million
in the period under review. As in previous quarters of 2016/17, the
main drivers of product revenues were the Airbus A320 family, the
Airbus A350 XWB, as well as the continuing stable development of the
serial production of Boeing and Bombardier aircraft programs.

The earnings development in the first nine months of 2016/17
developed within the framework of expectations. In the first nine
months of 2016/17, the earnings before interest, taxes and fair value
measurement of derivative financial instruments (EBIT) amounted to
EUR 16.0 Million (comparative period in 2015/16: EUR 14.0 Million).
The result of the current period under review includes also
nonrecurring expenses of 1.7 million EUR that are associated with the
"Fake President Incident". Costs for short-term personnel measures -
such as the increase in leased staff - led, because of the positive
development of programs, to a temporary increase in personnel costs
in the first half of the business year.

Outlook 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 is completed. The main focus
of the aviation industry currently lies on the ongoing development
and industrialization of these projects. With regard to product
developments, we are in a position to use our extensive experience in
a targeted manner for the further development of derivative aircraft
models. We are currently witnessing rising demand for engineering
services for future applications, which we will be able to provide
moving forward. Thus, we are intensively pursuing and driving forward
cooperation for next-generation aircraft models.

The investments made by the FACC Group in the A350 XWB, B787, Legacy
450/500, Bombardier CL 350, Global 7000/8000 new projects, to name
only a few, 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 utilization at the company's plants.

In summary, against the backdrop of a continued solid business
development over the further course of the 2016/17 financial year,
the company expects group revenues to increase by 20% to
approximately EUR 700 million. The operating measures implemented in
the course of the year to enhance efficiency are gradually bearing
their first fruits and will therefore contribute to a significant
improvement in earnings for the full year 2016/17.

Interim Report (EN Version) ? http://www.facc.com/content/download/51
20/42726/file/Interimreport_Q3_EN.pdf

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

Original-Content von: FACC AG, übermittelt durch news aktuell