Figeac Aero : Adjusted FCF 12.6% above our forecasts – Guidance for FY 2025 and FY 2028 reiterated despite turbulence at Airbus and Boeing
>A solid 2023-24 marked by an acceleration in FCF generation - Figeac has published solid 2023-24 results with adjusted EBITDA of € 52.2m (+29.6%) - broadly in line with our forecast for € 52.1m - for sales of € 397.2m, i.e. a margin of 13.2% (+140bp). Note that these figures include two unfavourable effects: i/ a loss of € 7.4m on operations in Mexico (the cost of which should fall to -€1m/-€ 1.5m in FY 2024-25) and ii/ a net impact of inflation of -€ 3.8m, with the ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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