Figeac Aero: Downward revision
Figeac Aero reported disappointing turnover for the last quarter of its financial year. While the group's sales increased by 14.9% over the last 12 months, they only increased by 8.9% over the first three months of 2019, despite a favorable dollar impact of more than 5%. Even if this performance is due to the postponement of a EUR3 million contract (representing nearly 3% growth over the quarter), it remains a poor performance. The company achieved its target of EUR425 million in revenue for the year but just barely.
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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