25.02.2021, 2463 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Annual Result
Ried im Innkreis -
Sales at EUR 526.9 million\nEBIT including one-off items at EUR -74.4 million\nBank cash at EUR 92.5 million and EUR 150 million unused credit facilities\nFree cash flow at EUR -2.5 million\nOutlook for 2021: sales around EUR 500 million and balanced EBIT expected\nFACC AG generated annual sales of EUR 526.9 million in the 2020 financial year, which was heavily impacted by the COVID-19 pandemic. The reported EBIT is EUR - 74.4 million and includes negative one-off effects of EUR -47.6 million. Around EUR 12 million of those one-off effects relate to expenses for staff lay-off in the fourth quarter. The net financial debt as of December 31st, 2020 is around EUR 232 million.
The significant decline in sales is based on negative downward adjustments of production rates for all aircraft programs that are essential for FACC. Whereas sales in July and August in particular were characterized by reduced customer demand, a positive dynamic was visible from September onwards, which led to more evenly distributed monthly sales in Q4 2020.
Assuming that the aviation industry will stabilize in the course of the 2021 financial year and based on the information currently available on all aircraft programs essential for FACC as well as the short and medium-term production rates, sales are expected to be around EUR 500 million for the 2021 financial year. Due to the expected sales development as well as the already initiated and the additionally planned cost reduction measures, the management of FACC expects a balanced EBIT for the year 2021. In particular, months of weak sales are likely to have a greater impact on the result, so that a stable positive EBIT can only be expected in Q4 2021.
The figures listed are preliminary, unaudited IFRS figures from FACC AG. The annual financial report of FACC AG and the comprehensive outlook for the 2021 financial year will be published on March 24th, 2021.
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

Christian Drastil: Wiener Börse Plausch

Börsepeople im Podcast S25/02: Elke Vlach

FACC

Bildnachweis

1. 15.1.: Manuel Taverne mit der Opening Bell für Freitag. Nach 20 Jahren erfolgreicher IR bei Telekom Austria, Polytec und zuletzt FACC kündigt er ein neues Chapter ausserhalb des österreichischen Kapitalmarkts an http://www.facc.com . Viel Erfolg! - mehr Choose Optimism: https://boerse-social.com/category/choose_optimism  https://www.facebook.com/chooseoptimism/   >> Öffnen auf photaq.com

Aktien auf dem Radar:Frequentis, Bajaj Mobility AG, Agrana, Amag, UBM, CPI Europe AG, OMV, Verbund, SBO, Porr, Strabag, AT&S, Frauenthal, SW Umwelttechnik, BKS Bank Stamm, Oberbank AG Stamm, EuroTeleSites AG, Österreichische Post, Semperit, Telekom Austria, RHI Magnesita, Henkel, Fresenius Medical Care, SAP, Münchener Rück, Hannover Rück, BMW, Deutsche Boerse, Deutsche Telekom, Rheinmetall, Patrizia Immobilien.

---

Mehr aktuelle OTS-Meldungen HIER