EANS-Adhoc: FACC AG / FACC reports solid growth in revenues and earnings improvement in the first quarter 2015/16

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

Financial Figures/Balance Sheet/3-month report
16.07.2015

- Product revenues 15.6 % above the previous year's figure - Earnings
improvement of EUR 6.5 mill. - Firm order backlog of USD 5.5 bn
significantly above the previous year's level

The solid performance of the commercial aerospace market had a
positive effect on the development of Group's revenues in the first
quarter of 2015/16. In the first quarter of 2015/16, revenues
amounted to EUR 136.7 million (Q1 2014/15: EUR 119.7 million). This
14.2% growth in revenues was mainly driven by the increase in product
revenues from EUR 108.2 million in Q12014/15 to EUR 125.1 million in
Q1 2015/16. Product revenues were mainly driven by the Boeing 787 and
737, Airbus A321, Airbus A350 XWB and A380 as well as Bombardier
Challenger 350 and Embraer Legacy 450/500 programs. In the first
quarter of 2015/16, earnings before interest, taxes and fair value
measurement of derivative financial instruments (EBIT) amounted to
EUR 1.2 million (Q1 2014/15: EUR -5.3 million). This increase in
earnings of EUR 6.5 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.

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

end of announcement euro adhoc
--------------------------------------------------------------------------------

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