Brief: FACC Q1 Earnings After Taxes Down At 3.9 Million Euros

FACC AG

11/07/2019 06:19

July 11 (Reuters) - FACC AG  FACC.VI :
    * Q1 EBITDA EUR 14.3 MILLION VERSUS EUR 23.8 MILLION YEAR
AGO
    * Q1 REVENUES EUR 193.7 MILLION VERSUS EUR 189.5 MILLION
YEAR AGO
    * Q1 EARNINGS AFTER TAXES 3.9 MILLION EUR VERSUS 13.6
MILLION EUR
YEAR AGO
    * FACC WILL CONTINUE ITS EFFORTS TO REACH THE SALES TARGET
OF EUR
1 BILLION IN THE 2019/20 FINANCIAL YEAR BY ACTIVELY SHAPING THE
MARKET
    * DUE TO THE ABOVE-MENTIONED FLATTENING OF RATE INCREASES IN
EXISTING PROJECTS, THIS GOAL IS NOT EXPECTED TO BE ACHIEVED
BEFORE 2021/22
    * INTENDS TO KEEP FY EARNINGS AT LEVEL OF THE EBIT OF
2018/19
FINANCIAL YEAR
    * MARGINS IN THE FIRST HALF OF 2019/20 WILL BE SIGNIFICANTLY
LOWER
THAN THE HALF-YEAR MARGINS OF THE 2018/19 FINANCIAL YEAR
    * EXPECTS SALES GROWTH TO BE IN LINE WITH MARKET GROWTH IN
THE
2019/20 FINANCIAL YEAR

Source text for Eikon:  ID:nAPA1NWqXM 
Further company coverage:  FACC.VI 

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