Figeac Aero : Renewed appeal thanks to its FCF profile - target price lifted to € 6.4
>A clear focus on cash - The cash generation trajectory is now assured in the short to medium term, in our view. The return to positive FCF in H2 2020-21 (€ 1.9m after -€ 35.4m in H1) demonstrates that Figeac has been able to turn around its profitability a little faster than expected (improvement in self-financing capacity of € 23.9m between H1 and H2) thanks to drastic measures and the beginnings of a recovery in production rates. This level is all the more notabl...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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