FACC : continues to grow on preliminary figures for the financial year 2018/19

Release of 29.03.2019

FACC continues to grow on preliminary figures for the financial year 2018/19

• Sales increase to EUR 780,1 million
• Disproportionate operating earnings increase
• Increase of the dividend to 0.15 EUR

 

FACC AG was significantly influenced by two developments in the 2018/19 financial year. Firstly, both the Group's sales and profitability were further increased. Sales increased by 3.9% to EUR 780.1 million and represent a new record high. Operating profitability increased significantly faster than sales. Second and strategically important for future growth are additional new orders and a further increase in order backlog to USD 6.5 billion. FACC is once again positioning itself as a long-term partner to the aviation industry in all areas, in line with its claim 'Beyond Horizon'.

 

According to the communicated forecasts of the management, sales were increased in the financial year 2018/19 by 3.9% to EUR 780.1 million. The stable development of the aircraft industry and the increase in the production rates of major aircraft programs and the balanced FACC customer and product portfolio were largely responsible for this positive development.

 

In terms of results, the targeted target of a further increase in EBIT was achieved. According to preliminary figures, the operating EBIT in the financial year 2018/19 increased by 7.8% to EUR 52.4 million (comparative value 2017/18: EUR 48.6 million). After taking into account a negative one-off effect resulting from the impairment of research and development costs of EUR 11.4 million in connection with the planned cessation of production of the Airbus A380, the reported EBIT amounted to EUR 41.0 million.

 

With net debt of EUR 180.9 million based on preliminary figures, FACC was not only 0.5% down on the previous year's EUR 181.9 million, but also remained almost constant in the context of an increase in operating performance.

 

The management of FACC AG will propose a dividend increase of 36.4% to EUR 0.15 per share at the Annual General Meeting on the basis of the earnings figures available for the financial year 2018/19.

 

The figures quoted are still unaudited provisional IFRS figures of FACC AG. The annual financial report of FACC AG and the outlook for the financial year 2019/20 will be published on May 22, 2019.

 

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About FACC

FACC is a worldwide leading aerospace company in design, development and production of innovative aircraft components and systems. Being the technology partner of all major manufacturers, FACC works together with its customers on developing solutions for the mobility of the future. Every second, there is an aircraft taking off with FACC technology on board. In full year 2017/18, FACC achieved more than 750 million Euro in revenues. FACC employs 3,500 people from 38 nations and working in 13 countries worldwide. The company is listed in the ATX of the Vienna Stock Exchange and part of the Fortune-500 Group AVIC, providing access to the largest growth markets within the industry. For more information please visit facc.com.