Earnings Release • Feb 22, 2023
Earnings Release
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EQS-Ad-hoc: FACC AG / Key word(s): Preliminary Results/Change in Forecast FACC AG: Earnings deviate from the outlook communicated for the financial year 2022
22-Feb-2023 / 18:19 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ried im Innkreis, 22nd February 2023 - FACC AG hasannounced that its revenue and earnings for the financial year 2022 are expected to deviate from the guidance. Accordingto initial analyses of the preliminary resultsas part of the ongoing year-end closing process, the forecasted revenue increase of 10% over the previousyear will be exceeded. At the same time, the three-fold increase in the operatingresult compared to the previousyear will not be achieved. Revenue and EBITare expected to be in the range ofEUR 600million and EUR 5million respectively.
Reasons for the higher revenue include the one-time settlement of project-related development costsas well as increased demand for product deliveries.Earningsare impacted by difficultiesalongthe supply chain, rising material and energy costs in connection with the geopolitical situation,and the sharp rise in inflation.
22-Feb-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
| Language: Company: |
English FACC AG Fischerstraße 9 4910 Ried im Innkreis Austria |
|---|---|
| Phone: | +43/59/616-0 |
| Fax: | +43/59/616-81000 |
| E-mail: | [email protected] |
| Internet: | www.facc.com |
| ISIN: | AT00000FACC2 |
| WKN: | A1147K |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1566253 |
End of Announcement EQS News Service
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