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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
  distribution. The issuer is responsible for the content of this announcement. 
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Annual Result 
 
Ried im Innkreis - 
 
* Sales at EUR 526.9 million 
* EBIT including one-off items at EUR -74.4 million 
* Bank cash at EUR 92.5 million and EUR 150 million unused credit facilities 
* Free cash flow at EUR -2.5 million 
* Outlook for 2021: sales around EUR 500 million and balanced EBIT expected 
 
 
FACC AG generated annual sales of EUR 526.9 million in the 2020 financial year, 
which was heavily impacted by the COVID-19 pandemic. The reported EBIT is EUR - 
74.4 million and includes negative one-off effects of EUR -47.6 million. Around 
EUR 12 million of those one-off effects relate to expenses for staff lay-off in 
the fourth quarter. The net financial debt as of December 31st, 2020 is around 
EUR 232 million. 
 
The significant decline in sales is based on negative downward adjustments of 
production rates for all aircraft programs that are essential for FACC. Whereas 
sales in July and August in particular were characterized by reduced customer 
demand, a positive dynamic was visible from September onwards, which led to more 
evenly distributed monthly sales in Q4 2020. 
 
Assuming that the aviation industry will stabilize in the course of the 2021 
financial year and based on the information currently available on all aircraft 
programs essential for FACC as well as the short and medium-term production 
rates, sales are expected to be around EUR 500 million for the 2021 financial 
year. Due to the expected sales development as well as the already initiated and 
the additionally planned cost reduction measures, the management of FACC expects 
a balanced EBIT for the year 2021. In particular, months of weak sales are 
likely to have a greater impact on the result, so that a stable positive EBIT 
can only be expected in Q4 2021. 
 
The figures listed are preliminary, unaudited IFRS figures from FACC AG. The 
annual financial report of FACC AG and the comprehensive outlook for the 2021 
financial year will be published on March 24th, 2021. 
 
 
 
Further inquiry note: 
Florian Heindl, CFA 
Group Treasurer 
Group Treasury & Investor Relations 
 
E-Mail  f.heindl@facc.com 
Mobile +43/664/80 119 1232 
Phone  +43/59/616-1232 
 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

February 25, 2021 01:15 ET (06:15 GMT)