EANS-News: FACC off to a good start in FY 2018/19 - ATTACHMENT

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Financial Figures/Balance Sheet

Ried i. Innkreis -

* FACC continues on growth course
* Operating result up significantly
* Leading company with more than 3,200 employees in the region - recruiting
offensive goes on
* Positive outlook for the current financial year confirmed

Ried i. Innkreis, July 11, 2018: FACC started the 2018/19 financial year with a
good first quarter and successfully continued its growth course. One more time
in succession, the Group achieved another increase in sales. A significant rise
in operating earnings was also attained compared to the previous year.
"We again successfully met our target in the first quarter. All divisions of the
group are profitable growth drivers and contributed substantially to the
positive development of the FACC Group in the first quarter," says Robert
Machtlinger, CEO of FACC AG.
Revenue in the first quarter of 2018/19 amounts to EUR 192.4 million
(comparative period 2017/18: EUR 184.3 million). The 4.4% increase is
attributable to the continuing constant increase in product revenue of 3.0% from
EUR 172.8 million to EUR 177.9 million in the first quarter of 2018/19 and thus
reflects the growth of the global aircraft industry. Key drivers for product
sales are the programs Boeing 787, Airbus A320 Family, Airbus A330, Airbus A350
XWB and Bombardier Challenger 350 and Embraer Legacy 450/500 and the revenues
from the corresponding engine families.

Reported earnings before interest and taxes (EBIT) amounted to EUR 16.3 million
in the first quarter of 2018/19 (comparative period 2017/18: EUR 12.9 million).
As a result of the first-time application of IFRS 15 Revenue from Customer
Contracts, there was a positive effect of EUR 3.8 million on the reporting date.
The adjusted values of both periods show a considerable increase in EBIT of 16%.
In the first quarter of 2018/19, there was an increase of 88 FTE compared to the
same period of the previous year. The headcount at the end of the first quarter
of 2018/19 was 3,422 FTEs.

FACC is continuing the EUR 100 million multi-year investment program begun in FY
2017/18 and invested EUR 9.70 million in growth measures in the first quarter of
2018/19 (comparative period 2017/18: EUR 5.6 million) both in terms of products
and capacities.

OUTLOOK

Management's assessments of FACC AG's revenue and earnings performance in the
current fiscal year 2018/19 remain positive compared to the reporting date of
May 19, 2018 - publication of the 2017/18 financial year
FACC will continue to pursue the sales target of EUR 1 billion by the end of the
2020/21 financial year in line with the company's "Vision 2020" strategy. In the
coming years, the company expects to increase the production rates of its most
important programs gradually. Thanks to FACC's balanced and modern product and
customer portfolio, the company is able to profit from the general growth trend
currently underway in almost all aircraft families.
FACC is particularly focused on processing the new orders signed last year,
which are worth around EUR 750 million. It is expected that the first revenues
from these new orders will be generated in the first half of the 2019/20
financial year.
Based on current market assessments and the Group's existing product mix, FACC
expects revenue growth in the single-digit percentage range in the 2018/19
financial year. The Group remains committed to initiatives to further increase
profitability. This will lead to a substantial improvement in earnings.
"We will continue to strengthen our activities in the development and production
of new products as well as our innovation offensive, whilst sustainably
expanding our role as the partner of choice of the aviation industry," says
Robert Machtlinger. "The implementation of our 'Vision 2020' strategy with a
view to further expanding our position as a Tier 1 technology partner for
Airbus, Boeing, Bombardier, Embraer and all renowned engine manufacturers
remains our top priority."

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

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/3124/5/10184063/1/FACC_Zwischenbericht_Q1_2018_EN.pdf

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
ISIN: AT00000FACC2
indexes:
stockmarkets: Wien
language: English

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE

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