Plane parts maker FACC delays 1 bln eur sales target
22/05/2019 07:09
VIENNA, May 22 (Reuters) - Plane parts maker FACC FACC.VI
postponed its 1 billion euro ($1.1 billion) sales target by one
year to 2020/21 on Wednesday as it expects demand for some new
aircraft to be flatter than initially thought.
Earnings margins in the first half of 2019/20 will be lower
than in the previous year due to the introduction of new
projects, the group, which is owned by China's Aviation Industry
Corporation (AVIC) 000768.SZ , said.
($1 = 0.8969 euros)
(Reporting by Kirsti Knolle
Editing by Thomas Seythal)
((kirsti.knolle@thomsonreuters.com; +43 1 53112 255; Reuters
Messaging: kirsti.knolle.thomsonreuters.com@reuters.net
www.reuters.com))