FACC AG Announces Earnings Results for the Third Quarter and Nine Months of 2018-2019; Provides Earnings Guidance for the Fiscal Year 2019
January 17, 2019
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FACC AG announced earnings results for the third quarter and nine months of 2018-2019. For the quarter, the company reported solid sales growth of 5% to EUR 216.2 million. Operating result (EBIT) up by 8% to EUR 17.1 million.
For the nine months, the company reported sales increased by 4.0% to EUR 589.2 million. Revenues amounted to EUR 589.2 million compared to EUR 564.0 million a year ago. Operative earnings before interest and taxes (EBIT) amounted to EUR 42.2 million compared to EUR 40.1 million a year ago.
For the year, the company expects sales growth in the single-digit percentage range to a value of EUR 760 - EUR 770 million for the 2018/19 financial year. Initiatives to increase profitability are to continue, which are expected to lead to an above-average increase in earnings. The operating result is expected to lie in the range of EUR 52 to EUR 55 million.
FACC AG is an Austria-based company engaged in the aerospace and defense industry. The Company specializes in the manufacture of aircraft parts and components. It divides its business into three divisions: Aerostructures, Engines & Nacelles, and Interior. The Aerostructures division covers control surfaces, fairings and wing components. The Engines & Nacelles division provides engine and nacelles components. The Interior division offers interior design services for commercial aircraft, business jets/private jets, freighters and helicopters. The Companyâs services range from on-site support with field engineering, spares service, and repairs to assembly training of customer staff for components and systems delivered by the Company. The Companyâs products are manufactured at four production sites in Austria.
FACC AG 
