Figeac Aero : Q1 2020-21 revenues in line with forecasts
>Q1 2020-21 revenues broadly in line with forecasts - Unsurprisingly, yesterday evening Figeac published Q1 revenues that were severely impacted by the COVID-19 crisis. Revenues were broadly in line with our forecasts at € 50.2m (ODDO BHF: € 52.7m) down 55.3% y-o-y. The aerostructure activity alone posted revenues of € 39.3m, down 59.9%, penalised - over and above the consequences linked to the COVID-19 crisis - by the halt in the production of the 737 MAX. Even...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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