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Thursday 14 February, 2019

Facc Ag

EANS-Adhoc: FACC adjusts outlook due to Airbus A380 production stop

PR Newswire/euro adhoc/

EANS-Adhoc: FACC adjusts outlook due to Airbus A380 production stop

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  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.
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Earnings Forecast
14.02.2019

Ried i. Innkreis - Airbus today announced that they will discontinue production
and delivery of the A380 in 2021. The reasons for this are the lack of new
orders for quite some time and ultimately the partial cancellation of A380
orders from the largest A380 operator. Following Airbus' announcement today to
discontinue the delivery of A380 aircraft in 2021, the Management Board is
adjusting its EBIT expectations for the financial year 2018/19. Due to a
negative one-off effect resulting from the impairment of non-amortized cost for
engineering services of approximately EUR 12 million, the earnings forecast for
financial year 2018/19 now stands at almost EUR 40 million.




Further inquiry note:
Investor Relations:
Manuel Taverne
Director Investor Relations
Mobil: 0664/801192819
E-Mail: [email protected]

end of announcement                         euro adhoc
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issuer:       FACC AG
              Fischerstra├če 9
              A-4910 Ried im Innkreis
phone:        +43/59/616-0
FAX:          +43/59/616-81000
mail:         [email protected]
WWW:          www.facc.com
ISIN:         AT00000FACC2
indexes:      
stockmarkets: Wien
language:     English
                
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