Figeac Aero : Narrowbody production rates and price effect driving growth in Q2 2024-25
>Q2 revenues up 23.4% l-f-l but +7.5% on an underlying basis - Figeac posted revenues of € 106.4m for Q2 2024-25, beating our expectations by 13.7%. Organic growth of 23.4%, at first glance showing a marked acceleration on the last four quarters, can be attributed to recurrent factors but also an exceptional impact related to inventory rebalancing for € 14m, or the equivalent of c15.9% of growth. From a recurrent perspective (or around 7.5% l-f-l, still above our fore...Figeac Aero SA, formerly Figeac Aero SARL, is a France-based company engaged in the manufacture of parts and components for aerospace industry. It offers a range of products and services such as design, manufacture and assembly of subassemblies; manufacture of structural parts, ranging from small fittings to large panels; supply of engine parts, such as vertical lathe, blades, and milling of aluminum and hard materials; and manufacture of precision parts, such as landing gear and thrust inverters. The Company's customer base includes Airbus, Embraer, ATR, Boeing, Bombardier, Eurocopter and Gulfstream, among others. It is a member of the Figeac Aero Group, comprising companies engaged in provision of aerospace-related products and services. It operates through Groupe Sonaca and PECISS, industrial technology services company based in Tunisia.
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