FIGEAC AERO: FIGEAC AÉRO WINS 3 NEW MARKETS WITH NORTH AMERICAN CUSTOMERS – 03/04/2024 at 6:10 p.m.

• Highlighting the relevance of FIGEAC AÉRO’s offering on the North American market

• A total combined value of around €20 million

• Use of existing capacities, allowing CAPEX to be minimized

FIGEAC AÉRO (FR0011665280 – FGA:FP), a leading partner of major aerospace manufacturers, today announces the winning of three new aerostructure parts markets with North American customers, which will represent, at cruising speed, a cumulative annual turnover of around €6 million, without requiring capacity investments.

A relevant industrial offering for North American customers

Particularly diversified, these three new markets illustrate the extent of FIGEAC AÉRO’s know-how in the field of aluminum aerostructure parts. Indeed, these markets cover a wide range of activities such as machining, sheet metal work and surface treatment, both for small elementary parts and very large parts.

The parts are intended for different components, ranging from the wing to the nacelle, business jet programs as well as the single-aisle Airbus A220 and the A320 family.

Thomas Girard, Deputy Managing Director of the Group, comments:

“As part of our new PILOT 28 strategic plan, one of our business development focus points is North America. It is an area with great potential and in which, as a European player, we still have a way to go. Winning these new markets reassures us that we have a particularly relevant industrial offering. »

However, if all the customers are North American, it is a greater part of the Group’s industrial network which is called upon here, since production is ensured within the American and Mexican factories, but also in the factories of the Group in the Maghreb.

Markets representative of PILOT 28’s commercial strategy

The duration of the contracts is between three and five years. With a combined total value of nearly €20 million, the first invoicing will take place during the 2024/25 financial year with ramp-up over the following financial year.

FIGEAC AÉRO therefore anticipates an annual turnover at cruising speed of around €6 million under these new contracts.

Furthermore, as the latter exclusively take advantage of existing capacities, no significant capacity investment is expected in the coming years, and therefore without impact on the free cash flow objectives.

Following the presentation of the strategic orientations of its PILOT 28 plan presented in January 2024, the Group reiterates its commercial development objective of €80 million to €100 million in turnover at an annual rate from new business, of which approximately 85% expected in the civil aeronautics segment in Europe and North America, with a particular focus on businesses enabling the Group’s CAPEX to be optimized.

These agreements are therefore particularly representative of the Group’s commercial strategy and constitute a significant first step.

Upcoming events

• May 14, 2024: turnover of 4
  
  ^th
  
  quarter and financial year 2023/24 (after market)

• June 26, 2024: results for the 2023/24 financial year (after market)

About FIGEAC AÉRO

The FIGEAC AÉRO Group, a leading partner of major aeronautics manufacturers, is a specialist in the production of structural parts in light alloys and hard metals, engine parts, landing gear and sub-assemblies. An international group, FIGEAC AÉRO is present in France, the United States, Morocco, Mexico, Romania and Tunisia. As of March 31, 2023, the Group achieved annual turnover of €341.6 million.

Glossary

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