FACC AG Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2020
August 20, 2020 at 03:24 am EDT
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FACC AG reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2020. For the quarter, revenues were EUR 98.3 million against EUR 189.3 million reported a year ago. LBIT was EUR 50.0 million against EBIT of EUR 3.1 million reported a year ago. Loss after taxes were EUR 49.8 million or EUR 1.09 per share against earnings of EUR 0.3 million or EUR 0.01 per share reported a year ago.
For the six months, revenues were EUR 292.1 million against EUR 394.9 million reported a year ago. LBIT was EUR 36.9 million against EUR 5.2 million reported a year ago. Loss after taxes were EUR 41.1 million or EUR 0.90 per share against EUR 5.0 million or EUR 0.11 per share reported a year ago.
FACC AG is an Austria-based company engaged in the aerospace and defense industry. The Company specializes in the manufacture of aircraft parts and components. It divides its business into three divisions: Aerostructures, Engines & Nacelles, and Interior. The Aerostructures division covers control surfaces, fairings and wing components. The Engines & Nacelles division provides engine and nacelles components. The Interior division offers interior design services for commercial aircraft, business jets/private jets, freighters and helicopters. The Companyâs services range from on-site support with field engineering, spares service, and repairs to assembly training of customer staff for components and systems delivered by the Company. The Companyâs products are manufactured at four production sites in Austria.
FACC AG 
