(AOF) – In the second quarter, ended at the end of September, Figeac Aéro recorded a consolidated turnover of 87.8 million euros, an increase of 3.5%. Over this period, the aeronautical subcontractor posted organic growth of 8.9%. He points out that this is traditionally the weakest period of the financial year given the summer months. As of September 30, 2023, Figeac Aéro has an order book amounting to 3.7 billion euros, compared to 3.4 billion euros as of June 30, 2023.
This strengthening is mainly linked to the increase in rates on the majority of programs, to the latest contract announced with Safran Aircraft Engines on the LEAP-1B engine, and to a lesser extent, to a price effect.
The group confirmed that the discussions initiated with major systems manufacturers, revealed at the beginning of September, “continue to progress favorably and should materialize in new contracts requiring very low levels of investment”.
With a first half considered “particularly encouraging, both in terms of activity and commercial development prospects”, Figeac Aéro confirmed that it is in an “excellent position” to achieve all of its 2023/24 objectives, for the 3rd consecutive year. It targets a turnover of between 375 million euros and 390 million euros, a current Ebitda between 48 million euros and 53 million euros and free cash flows between 16 million euros and 20 million euros.
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