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.

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

Digital press kit: http://www.ots.at/pressemappe/7665/aom

Investor Relations:
Manuel Taverne
Director Investor Relations
Mobil: 0664/801192819
E-Mail: m.taverne@facc.com

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