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    EANS-Adhoc  278  0 Kommentare 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






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    EANS-Adhoc FACC AG / FACC reports significant improvement in earnings in Q3 2016/17 - 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. - Earnings …