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FACC AG — Earnings Release 2019
Jan 16, 2020
743_iss_2020-01-16_9c59a2eb-df7c-46da-8328-c8a9d23c3ecd.pdf
Earnings Release
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Publication Date: 16.01.2020 08:00 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: [email protected]
end of announcement euro adhoc
| Fischerstraße 9 |
|---|
| A-4910 Ried im Innkreis |
| +43/59/616-0 |
| +43/59/616-81000 |
| [email protected] |
| www.facc.com |
| AT00000FACC2 |
| stockmarkets: Wien |
| English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service