Figeac Aero : The recovery is underway
>Q4 marks a notable recovery - Yesterday evening, Figeac reported 2020-21 sales of € 201.2m (ODDO BHF: € 218.9m), representing an organic decline of 53%, but with a notable acceleration in Q4 with growth of around 15% vs Q3 thanks to the end of destocking and a return to a production rate of 40 for the A320 (the utilisation rate was a shade over 50% in H2). Underlying EBITDA in 2020-21 should be slightly positive after a loss of € 6.7m in H1, which demonstrates the pr...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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