Facc's Operating Profit Falls As Phase: out of A380 bites

FACC AG

15/10/2019 07:00

VIENNA, Oct 15 (Reuters) - Plane parts maker FACC  FACC.VI 
posted a 6% fall in its second-quarter operating profit as it
produced less components for the Airbus  AIR.PA  A380 and the
Boeing  BA.N  737NG due to the announced phase-out of these
planes.   
    The group controlled by Chinese investors reported earnings
before interest and tax (EBIT) of 8.6 million euros ($9.5
million) on largely flat revenues of 179.7 million in the three
months through end-August. 
    For the current financial year, which will be shortened to
nine months as FACC will start to report per calendar year from
2020, FACC expects sales of around 600 million euros and an EBIT
margin of close to 6%, it said.


($1 = 0.9068 euros)

 (Reporting by Kirsti Knolle
Editing by Tassilo Hummel)
 ((kirsti.knolle@thomsonreuters.com; +43 1 53 11 22 55;))