Home » News » FACC presents preliminary results for the short fiscal year 2019

FACC presents preliminary results for the short fiscal year 2019

As of December 31, 2019, net debt was EUR 213.3 million. The increase in net debt is largely due to the first-time application of IFRS 16 “Leases”.

FACC confirmed the medium-term growth and earnings targets communicated at the beginning of the year. For the next five years, taking current market information into account, they envisage an average sales growth of 5% (CAGR) and a target margin (EBIT) in the range of 8-10%.

In the coming periods, FACC will – as already informed – concentrate on a sustainable increase in profitability through an efficiency increase program of up to EUR 50 million. There are plans to streamline the supply chain through increased vertical integration – such as the insourcing of the production of strategic component groups – as well as a group-wide optimization of business processes.

The report for Q3 2019 was also published today (notice).

The stated values ​​are still unaudited preliminary IFRS figures from FACC AG. FACC AG’s annual financial report and the outlook for the 2020 financial year will be published on March 25, 2020.

(red / FACC)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.