EANS-Adhoc: FACC AG / FACC AG ANNOUNCES A NEGATIVE EBIT AND A DECREASE IN REVENUES FOR THE 2014/15 FISCAL YEAR BECAUSE OF DELAYED RECOGNITION OF REVENUES ...

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Financial Figures/Balance Sheet 08.05.2015

Notwithstanding continuing order backlog growth and a double-digit growth in product output across all business divisions for the 2014/15 fiscal year, FACC AG announces today delays in recognition of revenues from customers in an aggregate amount of approx. EUR 34.0 million. These delays relating to two large programs will result in a negative EBIT for FACC AG's 2014/15 fiscal year of EUR 4.5 million and a decline in revenues to EUR 528.9 million (2013/14: EUR 547.4 million). FACC AG is in advanced negotiations with such customers regarding the settlement of the related contract amendments. The management will provide an update on these negotiations as well as the 2014/15 full year financial results on May 21, 2015.

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(END) Dow Jones Newswires

   May 08, 2015 17:31 ET (21:31 GMT)- - 05 31 PM EDT 05-08-15