EANS-Adhoc: FACC AG / Preliminary results showing significtant sales growth and a disproportional increase in earnings for the business year 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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Financial Figures/Balance Sheet
24.03.2017

- Increase in sales of 20.9 % to EUR 710.2 mill.
- Disproportional improvement in earnings of 36.0% due to stringent
structural and cost measures

FACC AG has continued its growth path in the 2016/17 business year and achieved
a significant increase in its key financial figures.

Preliminary sales of FACC AG increased in the 2016/17 business year
by approx. 20.9 % to EUR 710.2 mill.. This considerable increase is
above all due to the sustainable positive development within the
aerospace industry, the modern product portfolio of the group, and
the improving production rates of many aerospace programs. The
preliminary EBIT amounts to EUR 25.3 mill. This represents an
increase compared to previous year's period of 36.0 % or EUR 6.7
mill. as well as an EBIT margin of 3.6 %. The operating measures
implemented in the course of the year to enhance efficiency were
gradually bearing fruits and therefore contributed to a significant
improvement in earnings for the 2016/17 business year. Because of the
higher sales volume, preliminary net financial debt increased, after
EUR 171.9 mill. in the previous year, moderate to EUR 197,0 mill.
Compared the report figure at the end of the third quarter 2016/17,
the net financial debt was reduced by more than EUR 40 mill.

The shown values are unaudited preliminary IFRS figures of FACC AG.
The annual financial report as well as the annual report of FACC AG
will be published on May 17, 2017.

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