EANS-News

FACC AG / Solid performance in the first quarter of 2014/15

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quarterly report/First quarter 2014/15

· First-quarter sales revenue up 6.2 percent year-on-year to EUR
119.7 million (EUR 112.8 million) · Earnings according to planning
below previous year's figures due to ramp-up of new projects in Q1 ·
Successful completion of IPO is a company milestone securing
long-term profitable growth · FACC confirms guidance for 2014/15

Ried - FACC AG has made a good start to the fiscal year 2014/15
showing a solid performance: In the first quarter of the fiscal year
2014/15, the FACC Group generated revenue of EUR 119.7 million. This
means an increase of EUR 7.0 million or 6.2% compared to the
year-on-year amount of EUR 112.8 million.

,,FACC has established a strong position under the tier-1 aerospace
suppliers in recent years. Our solid performance in the first quarter
is an additional proof of this," said Walter Stephan, CEO of FACC AG.
,,We must now continue improving our position and maintain our
successful course as part of the systematic implementation of our
strategy 'Vision 2020'. We thereby focus on three key action areas:
firstly, disciplined cost and investment management, secondly, our
profitability targets and thirdly, improved profitability in all
divisions."

Revenue growth was driven by increased product revenue of EUR 15.3
million or 13.5%, while revenue related to development services
dropped by EUR 8.3 million or 7.4% at the same time. Product revenue
picked up largely with respect to the Airbus A321, Airbus A350 XWB,
Boeing 787 and Boeing 737 programs as well as additional product
deliveries for aircraft interiors. The slowdown in revenue from
development services is largely due to the fact that in the
comparative period of the first quarter of 2013/14 the FACC Group
invoiced a significant amount for development services with respect
to a development project in the Aerostructures segment. In the first
quarter of the fiscal year 2014/15, the FACC Group did not invoice a
similarly significant amount. Over the course of the current fiscal
year, the FACC Group currently expects to invoice for development
services in line with the internal planning.

For at the first quarter of the fiscal year 2014/15, earnings before
interest, taxes and fair value measurement of derivative financial
instruments (EBIT) amounted to EUR -5.3 million (Q1 2013/14: EUR 1.2