(AOF) – Over the entire 2023/2024 financial year (from April 1, 2023 to March 31, 2024), the consolidated turnover of Figeac Aéro stood at 397.2 million euros, an organic increase of 19 .3% (+16.3% in published data) compared to the previous financial year. This performance is in line with the trend as of December 31, despite an unfavorable exchange rate effect of 10.5 million euros. Consequently, Figeac Aéro exceeds its annual turnover objective (between 375 and 390 million euros), respecting its objectives for the third consecutive year.
In the fourth quarter of this financial year (from January 1 to March 31, 2024), the consolidated turnover of Figeac Aéro amounted to 119.3 million euros, organic growth of 17.5% (+14.6 % in published data, including an unfavorable exchange rate effect of 3 million euros). This development is mainly driven by the good performance of aeronautical activities (+19.1% organic growth) which benefit in particular from the significant increase in production rates on the A350.
Its good momentum is reflected in the growth of its order book which reached 3.9 billion euros as of April 30, 2024 compared to 3.7 billion euros as of December 31, 2023.
In this context, in the very short term, the group is revising upwards its profitability and cash generation objectives for the 2023/2024 financial year, namely between 50 and 53 million euros of current EBITDA (compared to 48-53 million euros) and between 20 and 24 million euros in Free Cash Flows (compared to 16-20 million euros).
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