Figeac Aero : Financial structure adjusted but WCR/capex undermining FCF in the short term
>Clearer skies - The agreement on the adjustments to the group’s financial structure unveiled yesterday at last points to clearer skies ahead, following the clouds of the last few months. On the one hand, liquidity is strengthened with an overall injection of € 161.5m to € 166.5m (depending on the amount of the capital increase reserved for Tikehau), which is more than twice the amount on the balance sheet at end-March 2021. At the same time, the debt reimbursement p...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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