EANS-Adhoc: FACC AG
FACC AG ANNOUNCES A NEGATIVE EBIT AND A DECREASE IN
REVENUES FOR THE 2014/15 FISCAL YEAR BECAUSE OF DELAYED RECOGNITION OF REVENUES
FROM CUSTOMERS (PRELIMINARY RESULT)
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Financial Figures/Balance Sheet 08.05.2015 Notwithstanding continuing order backlog growth and a double-digit growth in product output across all business divisions for the 2014/15 fiscal year, FACC AG announces today delays in recognition of revenues from customers in an aggregate amount of approx. EUR 34.0 million. These delays relating to two large programs will result in a negative EBIT for FACC AG's 2014/15 fiscal year of EUR 4.5 million and a decline in revenues to EUR 528.9 million (2013/14: EUR 547.4 million). FACC AG is in advanced negotiations with such customers regarding the settlement of the related contract amendments. The management will provide an update on these negotiations as well as the 2014/15 full year financial results on May 21, 2015. Further inquiry note: Investor Relations: Manual Taverne Director Investor Relations Mobil: 0664/801192819 E-Mail: m.taverne@facc.com end of announcement euro adhoc -------------------------------------------------------------------------------- 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
Original content of: FACC AG, transmitted by news aktuell