(AOF) – In the third quarter of the 2023/2024 financial year (from October 1 to December 31, 2023), the consolidated turnover of Figeac Aero stood at 96.6 million euros, organic growth of 14.3 % (+10.8% in published data, including an unfavorable exchange rate effect of 3.1 million euros). The group continues to benefit from the dynamism of the aerostructures & aeromotors division, which posted organic growth of 15.3% (+11.4% in published data) with a turnover of 88.1 million euros.
As of December 31, 2023, Figeac Aero has an order book valued at 3.7 billion euros, stable compared to September 30, 2023 and up 0.4 billion euros compared to June 30, 2023.
The subcontractor for the aeronautics sector reaffirms all of its 2023/2024 objectives: a turnover of between 375 and 390 million euros, a current EBITDA of between 48 and 53 million euros, free cash flows between 16 and 20 million euros.
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The end of a duopoly?
For several decades, the American Boeing and the European Airbus have shared 99% of the world market for airliners with more than 110 seats. This market is worth more than 100 billion dollars per year. However, this duopoly appears weakened in 2022 for several reasons. First, for the first time, two medium-haul single-aisle aircraft, the C919 from China’s Comac and the MC-21 from Russia’s Irkut, are preparing to enter service. Added to this is the Boeing 737 MAX crisis. With the cessation of deliveries of this aircraft between 2019 and 2021, the production balance has been disrupted. In 2021 Boeing posted 340 deliveries, with Airbus remaining well in the lead, with 611.