FACC Q3 operating profit up 8 pct due to solid demand from planemakers
17/01/2019 06:46
VIENNA, Jan 17 (Reuters) - Austria-based aeroplane parts
maker FACC FACC.VI reported a 7.8 percent increase in
third-quarter operating profit, helped by strong demand for
components it produces for Airbus AIR.PA , Boeing BA.N and
Bombardier BBDb.TO .
The Chinese-owned group reported adjusted earnings before
interest and tax (EBIT) of 17.1 million euros ($19.47 million)
for the three months to Nov.r 30, up from 15.9 million last
year. Revenues in the period increased 5.3 percent to 216.2
million euros, it said in Thursday.
The company, which was acquired by a unit of China's
state-owned Aviation Industry Corporation of China 000768.SZ
in 2009, still expects full-year operating profit to grow to
between 52 and 55 million euros from 48 million in 2017/18.
It confirmed its full-year sales target of 760 to 770
million euros, up from 750.7 million last year.
FACC makes components for wings, tail assemblies and
fuselages as well as engines and cabin interiors for the world's
leading planemakers and is working on expanding in the services
business, which it says is a $65 billion market.
($1 = 0.8781 euros)
(Reporting by Kirsti Knolle; Editing by Kim Coghill)
((kirsti.knolle@thomsonreuters.com; +43 1 53112 255; Reuters
Messaging: kirsti.knolle.thomsonreuters.com@reuters.net
www.reuters.com))