Figeac Aero : Financial and industrial restructuring achieved but still a high valuation premium
>Change of city in Mexico largely finances the moves - Figeac yesterday announced the sale of its 8,500m² Hermosillo site to Latécoère and, at the same time, the acquisition of a nearly 6,000m² plant in Chihuahua from Kaman Aerospace. We see three advantages to these transactions: i/ on the one hand, Figeac is divesting a plant that was mostly designed and, importantly, sized (c8/month rate vs c2/month now) for the production of parts for the B787 and which required a...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.