Figeac Aero recorded a turnover consolidated 87.8 million eurosin organic growth of 8.9%in the second quarter of its 2023/24 fiscal year (July 1 to September 30, 2023).
During this quarter, traditionally the weakest period of the financial year taking into account the summer months, the exchange rate effect was unfavorable by 5.2 million euros. The French equipment manufacturer is thus continuing its growth trajectory, supported by aeronautical activities up 10.5% in organic data compared to the second quarter of the 2022/23 fiscal year.
Cumulatively over the first six months of its 2023-24 financial year, Figeac Aéro benefited from a turnover of 181.2 million euros, representing an organic increase of 24.9% (+20.6% in published data) compared to the first half of 2022-23. As of September 30, 2023, the aeronautical equipment manufacturer boasts a solid order book of 3.7 billion euros, compared to 3.4 billion as of June 30, a strengthening linked in particular to the increase in production rates on the majority of programs.
Figeac Aéro says “in an excellent position to achieve all of its 2023/24 objectives“, namely a turnover between 375 and 390 million euros, a current EBITDA between 48 and 53 million, and free cash flows between 16 and 20 million.