Figeac Aero : Growth momentum continues - The 737 Max risk under control
>Q3 sales +14.3% l-f-l - Figeac reported another quarter of robust growth with sales at € 96.6m, a shade above our forecast of € 95.5m, +10.8% reported of which 14.3% organic and a negative forex effect of 3.6%. The aerostructures and aeroengines division was the most dynamic (+15.3% l-f-l), driven by the ramp-up in the production rate, in particular in the A350 programme which represents 29% of group sales over 9M. 2023-24 targets reiterated...leaving ro...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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