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FACC
FACC Achieves Sales Record of EUR 750.7 Mln in 2017/18
FACC, the Sino-Austrian aircraft component manufacturer generated preliminary sales of 750.7 million euros, and the order backlog increased to US$ 5.9 billion. On March 19, FACC entered the ATX, Austria's leading index on the Vienna Prime Market, and has since been one of the 25 largest and most traded companies in Austria.
April 4, 2018
ATX: AT&S and FACC to Join, Agrana and Zumtobel to be Removed
The ATX index composition of the Vienna Stock Exchange has been reviewed on its quarterly basis. FACC AG will be joining ATX for the first time since it became exchange-listed. AT&S AG will rejoin. Agrana and Zumtobel will be removed. Decisions on additions and removals to the index are based on average daily trading volumes and the free float capitalization of companies.
March 9, 2018
FACC AG / Quarterly Report According to Art.126 Stock Exchange Act
FACC AG is declaring the following financial reports below.
January 19, 2018
FACC Continues to Climb in the Third Quarter 2017/18
Revenues for the first nine months of 2017/18 amount to EUR 564.0 million (comparative period 2016/17: EUR 518.6 million). The increase of 8.8% is attributable to a further significant increase in product sales of 11.4% to EUR 527.8 million.
January 16, 2018
Changes in the Supervisory Board of Aircraft Component Manufacturer FACC
Board member Mr. Wang Xuejun will be replaced by Ms. Li Li as a new member of the Supervisory Board of FACC AG. She will be delegated by FACC International Company Limited, Hong Kong, which holds a stake of 55.5% of the total of Xi’an Aircraft's stake of 91,25 %. Ms. Li is currently Director of Accounting at the Xi'an Aircraft Industry Group. She holds a law and economics degree from Zhongnan University. She also obtained an MBA from Missouri State University Branch Campus Dalian in the People's Republic of China.
November 20, 2017
FACC AG / Half-year financial report according to art. 87 para. 1 Stock Exchange Act
FACC AG is declaring the following financial reports below.
October 20, 2017
FACC AG / FACC reports significant improvement in key earnings- and financial ratios
In the first half of 2017/18, revenue amounted to EUR 358.7 million (comparative period 2016/17: EUR 327.4 million). This growth in revenue of 9.6 % was mainly driven by a further significant increase in product revenues of 11.3 % to EUR 335.2 million in the first half of 2017/18.
October 18, 2017
FACC AG / Audit pursuant to the Accounting Control Act completed
The audit pursuant to the Accounting Control Act (RL-KG) of the consolidated financial statements and of the half-year financial reports of FACC AG by the Financial Market Authority (FMA) was completed by a decree. All recognized infringements, with the exception of an accrual of provisions for onerous contracts (violation of IAS 37.14 and IAS 37.66), have already been corrected in accordance with IAS 8.42 in the consolidated financial statements and explained in the notes to the consolidated financial statements.
September 28, 2017
FACC AG / Quarterly report according to art.87 para. 6 Stock Exchange Act
FACC AG is declaring the following financial reports below.
July 31, 2017
FACC reports significant improvement in key earnings- and financial ratios
In its first quarter 2107/18, FACC AG recorded a significant improvement in key earnings- and financial ratios. Driven by the continued positive development in the civil aviation industry revenues increased to EUR 184.3 mill. (Q1 2016/17: EUR 163.2 million). This growth in revenues by 12.9% was driven by a significant increase in product revenues of 13.4% to EUR 172.8 million in the period under review (Q1 2016/17: EUR 152.4 million).
July 12, 2017
FACC AG / Yearly financial report according to art. 82 para. 4 Stock Exchange Act
FACC AG is declaring the following financial reports below.
June 30, 2017
EANS-General Meeting: FACC AG / Invitation to the General Meeting according to art. 107 para. 3 Companies Act
This is to invite our shareholders (ISIN AT00000FACC2) to the third Annual Shareholders' Meeting of FACC AG which will be held on Tuesday, 18 July 2017, 10:00 a.m., at MESSE RIED, Halle 17/1.Stock, Brucknerstraße 39 in 4910 Ried im Innkreis.
June 20, 2017
FACC with strong sales growth and earnings development
In the financial year 2016/17, FACC AG remained on its growth course and posted a generally strong performance. Backed by rising passenger numbers in air traffic and the resulting high aircraft deliveries, FACC generated revenues of EUR 705.7 million in the 2016/17 financial year. This means an increase of EUR 125.5 million or 21.6% compared to the previous year.
June 13, 2017
The supervisory board of FACC AG appoints Andreas Ockelas the new Chief Operating Officer (COO)
The supervisory board of FACC AG appointed Mr. Andreas Ockel (51) as new member of the management board of FACC AG. Mr. Ockel, starting his function as newly appointed Chief Operating Officer (COO) of FACC AG as of January 1, 2018 for a period of three years, succeeds Mr. Robert Machtlinger, who himself was appointed as Chief Executive Officer (CEO) of FACC AG in February 2017.
May 29, 2017
FACC AG / FACC postpones the publication of the annual financial statements
In course of an enforcement procedure conducted by the Austrian Financial Market Authority (FMA) regarding the annual financial statements 2015/16 as well as the interim financial statements 2015/16 and the interim financial statements 2016/17 the company received a letter from FMA. The management board is currently evaluating the accounting issues and topics addressed by the FMA in order to reflect these in the before mentioned statements as well as in the annual financial statement 2016/17. The release of the annual financial statements 2016/17 will be therefore scheduled for June 13th, 2017.
May 11, 2017
FACC AG / Preliminary results showing significtant sales growth
FACC AG has continued its growth path in the 2016/17 business year and achieved a significant increase in its key financial figures.
March 24, 2017
FACC AG / Robert Machtlinger was appointed as CEO of FACC AG
The Supervisory Board of FACC AG has appointed Robert Machtlinger (49) as the new CEO of the Group in its meeting on 13 February 2017.
February 14, 2017
FACC AG / FACC reports significant improvement in earnings in Q3
In the first nine months of fiscal year 2016/17, FACC AG recorded sustained strong growth thanks to the continued positive development in the civil aviation industry - both in revenues and earnings.
January 18, 2017
FACC AG / Management board mandate of Wang Yongsheng extended until 2019
The Supervisory Board extended the appointment of Wang Yongsheng (53), since February 2016 Member of the Management Board, for a period of 3 years.
November 29, 2016
FACC AG / FACC with dynamic business development in the first half
In the first six months of fiscal year 2016/17, FACC AG recorded sustained strong growth thanks to the continued positive development in the civil aviation industry.
October 20, 2016
FACC AG / FACC climbed to new heights in Q1 2016/17
The aviation industry is booming! As a result, the requirements of both our customers and stakeholders are also constantly rising. FACC seeks to exploit the opportunities provided by the market.
July 13, 2016
FACC AG / FACC AG nominates Aleš Stárek as the new Chief FinancialOfficer (CFO)
The personnel- and compensation committee of the supervisory board of FACC AG will propose in its next meeting to appoint Mr. Aleš Stárek (45) MBA as new CFO of FACC AG for a period of 3 years as of October 1, 2016. Aleš Stárek (CZ) has a Master Degree in Business Engineering from the University of Karlsruhe (Germany). Furthermore, he completed successfully an Executive MBA program in Finance at the Duke University North Carolina (USA).
July 11, 2016
FACC AG / Changes in the supervisory board of FACC AG / FACC International nominates a member of the supervisory board
FACC International Company Limited exercises its right of designation according to point 11.2 of the Articles of Association of FACC AG. Mr. He Shengqiang was designated as new member of the supervisory board by immediate effect. Currently Mr. He Shengqiang (51) is active as General Manager of AVIC Aircraft Cooperation as well as President of Xi'an Aircraft Company Limited.
June 30, 2016
EANS-General Meeting: FACC AG / Invitation to the General Meeting
This is to invite our shareholders (ISIN AT00000FACC2) to the second ordinary shareholders' meeting of FACC AG, which will be held on Friday, 15 July 2016, at 10:00 a.m. at MESSE RIED, Halle 17/1.Stock - Brucknerstrasse 39 in 4910 Ried i. Innkreis.
June 17, 2016
FACC AG / Changes in the supervisory board
FACC AG announces, that Mr. Gregory B. Peters, Member of the supervisory board of FACC AG has informed the company that he resigns as member of the Supervisory Board with immediate effect.
May 30, 2016
FACC AG / Annual Results of FACC AG for the 2015/16 Financial Year
The FACC Group achieved significant growth in sales of 11.1% in the 2015/16 financial year, specifically from EUR 528.9 million to EUR 587.5 million.
May 25, 2016
FACC AG / DI Walter Stephan (CEO) was revoked from the managementboard with immediate effect.
In the supervisory board meeting, held on May 24, 2016, Mr. Walter Stephan (CEO) was revoked by the supervisory board as chairman of the management board of FACC AG with immediate effect for important reason. The supervisory board came to the conclusion, that Mr. Walter Stephan has severely violated his duties, in particular in relation to the "Fake President Incident". Mr. Robert Machtlinger was appointed as interim CEO of FACC AG.
May 25, 2016
FACC AG / Results outlook for the business year 2015/16 belowmanagement expectation
The negotiation of amendments to certain contracts with customers, which had been ongoing since the last fiscal year and involve a potential earnings contribution in a low double digit million amount, cannot be finalized during the fiscal year 2015/16 as previously expected. For the fiscal year 2015/16 management expects an 11% increase in revenues to approximately EUR 585 million as well as a pronounced increase of operating earnings (EBIT) compared to the fiscal year 2014/15 - before negative one-off effects from the "Fake President Incident". Pursuant to its financial calendar FACC AG will release its consolidated results for the fiscal year 2015/16 on May 25, 2016.
April 7, 2016
FACC Operations GmbH / FACC Operations GmbH strenghtens the balancesheet
The supervisory board of FACC AG today approved a resolution to authorize an increase of the equity of its subsidiary company FACC Operations Gmbh through a capital increase of its parent company FACC AG.
February 25, 2016
FACC AG / Chief Financial Officer Mandate Terminated. Reorganisationof Financial Department
FACC AG announces that the mandate of Ms. Minfen Gu as chief financial officer of FACC AG terminates with immediate effect. The Supervisory Board initiated the search for a successor. To the current state of the forensic and criminal investigations, the criminal activities which targeted the financial accounting department were fraudulent actions involving the use of a fake identity (so-called fake president fraud). FACC's IT infrastructure, data security, IP rights as well as the operational business of the group are not affected by the criminal activities.
February 3, 2016
FACC AG / Interim Report for the first nine months of the business
At the end of the third quarter of 2015/16, revenues amounted to EUR 427.8 million (comparative period in 2014/15: EUR 381.8 million). This growth in revenues was mainly driven by the increase in product revenues from EUR 343.8 million as of 30 November 2014 to EUR 385.7 million as of 30 November 2015, with revenues related to development services also rising by 11.0% to EUR 42.1 million in the period under review.
January 21, 2016
FACC AG / Quarterly Report
FACC AG is declaring the following financial reports below.
January 21, 2016
FACC AG / UPDATE: FACC AG - Cyber-Fraud
On January 19, 2016 FACC AG announced that it became a victim of fraudulent activities involving communication- an information technologies. To the current state of the forensic and criminal investigations, the financial accounting department of FACC Operations GmbH was the target of cyber fraud. FACC's IT infrastructure, data security, IP rights as well as the operational business of the group are not affected by the criminal activities. The damage is an outflow of approx. EUR 50 mio of liquid funds
January 20, 2016
FACC AG / FACC AG - Victim of cybercriminal activities
Today, it became evident that FACC AG has become a victim of a crime act using communication- and information technologies. The management board has immediately involved the Austrian Criminal Investigation Department and engaged a forensic investigation. The correct amount of damage is under review. The damage can amount to roughly EUR 50 million. The cyberattack activities were executed from outside of the company.
January 19, 2016
FACC Operations GmbH / Half Yearly Report
FACC Operations GmbH is declaring the following financial reports below.
October 30, 2015
FACC AG / FACC AG closes the first half of 2015/16 with continuous solid revenue growth and noticeable improvement in earnings
In the first half of 2015/16, revenues amounted to EUR 270.1 million (comparative period in 2014/15: EUR 235.9 million). This growth in revenues was mainly driven by the increase in product revenues from EUR 212.8 million as of 31 August 2014 to EUR 247.3 million as of 31 August 2015, while revenues related to development services remained stable at EUR 22.8 million in the period under review (comparative period in 2014/15: EUR 23.1 million).
October 22, 2015
FACC AG / FACC reports solid growth in revenues and earnings
The solid performance of the commercial aerospace market had a positive effect on the development of Group's revenues in the first quarter of 2015/16. In the first quarter of 2015/16, revenues amounted to EUR 136.7 million (Q1 2014/15: EUR 119.7 million). This 14.2% growth in revenues was mainly driven by the increase in product revenues from EUR 108.2 million in Q12014/15 to EUR 125.1 million in Q1 2015/16. Product revenues were mainly driven by the Boeing 787 and 737, Airbus A321, Airbus A350 XWB and A380 as well as Bombardier Challenger 350 and Embraer Legacy 450/500 programs.
July 16, 2015
FACC AG / Final result of FACC AG for financial year 2014/15
FACC AG recorded in the financial year 2014/15 a positive trend in order backlog. Delays in revenue recognition with two key customer programs, however, led to a decline in group revenues and a negative operating profit of EUR 4.5 million.
May 21, 2015
EANS-General Meeting: FACC AG / Invitation to the General Meeting
This is to invite our shareholders (ISIN AT00000FACC2) to the first ordinary shareholders' meeting of FACC AG which will be held on Monday, 15 June 2015, at 10:30 a.m. at MESSE RIED, Halle 17/1.Stock - Brucknerstrasse 39 in 4910 Ried i. Innkreis.
May 18, 2015
FACC AG / FACC AG ANNOUNCES A NEGATIVE EBIT AND A DECREASE IN
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.
May 8, 2015
Aircraft Component Maker FACC Moves Operations Partially to the US
FACC AG has established an additional plant in Wichita/USA for the purpose of expanding the company's global presence in repair and maintenance.
April 13, 2015
FACC AG Enters into New Business Area Repair and Maintenance
FACC AG is extending its activities in the field of maintenance, repair & overhaul (MRO) in civil aviation. FACC offers airlines and MRO companies a tailor-made service for maintenance activities and repairs on components and systems. For the purpose of expanding the company's global presence in repair and maintenance, another plant has been established in Wichita/USA in addition to the main factory in Austria.
April 13, 2015
FACC AG starts series production of engine composites for Trent XWB
The Austrian aerospace supplier started series production of the innovative engine composites on the Rolls-Royce Trent XWB powerplant, designed specifically for the Airbus A350 XWB family of aircraft.
March 11, 2015
FACC AG / Quarterly Report
FACC AG is declaring the following financial reports below.
February 2, 2015
FACC AG records a significant increase in earnings in the third
In the first three quarters of the fiscal year 2014/15, the FACC AG generated revenue of EUR 381.8 million. This means an increase of EUR 17.1 million or 4.7% compared to the year-on-year amount of EUR 364.7 million. Revenue growth was driven by increased product revenue of EUR 54.4 million or 18.8%, while revenue related to development services dropped by EUR -37.3 million or -49.7% at the same time. Product revenue picked up largely with respect to the Airbus A321, Airbus A350 XWB, Boeing 787, Boeing 737 and Bombardier Challenger 300.
January 22, 2015
FACC receives EASA "Design Organization" approval
This makes FACC an approved Design Organization within the European aviation industry, authorized to independently develop and approve designs for modifications and repairs.
January 8, 2015
FACC AG starts series production of bypass ducts for PW800 engines
FACC is contributing composite technology to the next generation of engines from Pratt & Whitney Canada.
December 10, 2014
FACC AG awarded contract for the new A330neo (with photo)
Fan cowls for the A330neo are to be developed and manufactured by FACC, long-standing cooperation with Aircelle successfully expanded.
November 5, 2014
FACC AG expands its business in the growth region of China
FACC AG and Aviation Industry Corporation of China (AVIC) have re-confirmed their plans to enter into a strategic partnership relating to the integration of aircraft passenger cabins in China. In this cooperation, FACC will consult the AVIC subsidiary Fesher Aviation Components, based in Zhenjiang, in industrialization and manufacturing of passenger cabins for civil aircraft destined for the Chinese market.
October 23, 2014
FACC AG continues to drive growth forward in first half of 2014/15
FACC AG continued its growth course in the first half of 2014/15 and recorded stable business performance over the reporting period: In the first half of the fiscal year 2014/15, the FACC Group generated revenue of EUR 235.9 million.
October 16, 2014
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