EANS-Adhoc: FACC adjusts its forecast for the short fiscal year 2019.
-------------------------------------------------------------------------------- Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 16.01.2020 Ried i. Innkreis - For the 2019 financial year (short financial year), management currently assumes sales of EUR 668 million (previously EUR 600 million) and a profit margin (EBIT) in a range from 5.2 % to 5.7 % (previously approximately 6%). The medium-term growth and earnings targets remain unchanged, albeit depending on the market development - significant rate increases on growth projects have been completed. In the coming periods, FACC will focus on a sustainable increase in profitability through an efficiency improvement program of up to EUR 50 million. There are plans to streamline the supply chain through increased vertical integration - such as the insourcing of the production of strategic component groups - as well as a group-wide optimization of business processes. Further inquiry note: Investor Relations: Manuel 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
ISIN: AT00000FACC2
indexes:
stockmarkets: Wien
language: English
Original-Content von: FACC AG, übermittelt durch news aktuell