Figeac Aero SARL

Figeac Aero Sarl. Figeac Aero SA, formerly Figeac Aero SARL, is a France-based company engaged in the manufacture of parts and components for aerospace industry. It offers a range of products and services such as design, manufacture and assembly of subassemblies; manufacture of structural parts, ranging from small fittings to large panels; supply of engine parts, such as vertical lathe, blades, and milling of aluminum and hard materials; and manufacture of precision parts, such as landing gear and thrust inverters. The Company's customer base includes Airbus, Embraer, ATR, Boeing, Bombardier, Eurocopter and Gulfstream, among others. It is a member of the Figeac Aero Group, comprising companies engaged in provision of aerospace-related products and services. It operates through Groupe Sonaca and PECISS, industrial technology services company based in Tunisia.
  • TickerA1XBG1
  • ISINFR0011665280
  • ExchangeEuronext Paris
  • SectorAerospace & Defense
  • CountryFrance

Analysts

Julien Onillon

Figeac Aero: Margin recovery expected

For the first time since its IPO, Figeac Aero (FGA) succeeded in generating positive free cash flow and reduced its net debt in the 03/2019 financial year. This was expected but it remains an essential milestone for the company, which thus demonstrates its ability to generate cash and to meet its objectives (this has not often been the case in the past). On the operational side, however, FGA reported results below our expectations.

Antoine Boivin-Champeaux ...
  • Fatma Agnès Hamdani
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/05/2019

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Antoine Boivin-Champeaux ...
  • Fatma Agnès Hamdani
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/07/2019

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Antoine Boivin-Champeaux ...
  • Yan Derocles

Figeac Aero : Visible scope for an improvement in WCR and a focus on the west for growth

>The west as a new source of growth - New sources of growth for the group over the coming years are undeniably to be found in the west, in the North American market. Whilst Figeac clearly lacks direct critical size in the region, we think that the group is now in a position to attack this market thanks to i/ a newly-efficient manufacturing facility with its factories in Wichita in the US and Hermosillo in Mexico; ii/ a marked acceleration in order intake with close to...

Antoine Boivin-Champeaux ...
  • Yan Derocles

Figeac Aero : Marge de manœuvre visible sur l’amélioration du BFR et cap vers l’Ouest pour la croissance

>A l’Ouest, le relais de croissance - Le relais de croissance pour le groupe sur les années à venir se trouvera incontestablement à l’ouest, sur le marché nord-américain. Figeac n’a certes pas la taille critique en direct sur la région, mais nous pensons que tout est aujourd’hui en place pour attaquer ce marché grâce à i/ un outil industriel désormais efficace avec ses usines de Wichita aux Etats-Unis et d’Hermosillo au Mexique ; ii/ une forte accélération des prises ...

Antoine Augier de Lajallet ...
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Nicolas David
  • Salma Bouraoui
  • Vincent Baron
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/31/2018

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Antoine Augier de Lajallet ...
  • Christophe Chaput
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Nicolas David
  • Salma Bouraoui
  • Vincent Baron
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 31/05/2018

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Yan Derocles

Figeac Aero : Organic growth accelerated in Q4 but EBITDA margin penalised by forex

>A strong end to 2017-18 - Yesterday evening, Figeac published particularly robust Q4 sales of € 102.2m (+15.6% on a reported basis) coming in 3.6% above our forecast. On our estimates, organic growth (like-for-like) was +22.5%, revealing a marked acceleration vs previous quarters. This growth was principally driven by i/ the continued ramp-up in the production of A350; ii/ a marked acceleration in the Leap programme since the autumn, but which was particularly visibl...

Yan Derocles

Figeac Aero : Une croissance organique qui accélère au T4 mais le FX pénalise la marge EBITDA

>L’exercice 2017-18 se termine en trombe - Figeac a publié hier soir un CA T4 particulièrement dynamique de 102.2 M€ (+15.6% en publié) ressortant 3.6% au-delà de nos attentes. La croissance organique (à change et périmètre constants) ressort selon nos calculs à +22.5%, démontrant une belle accélération par rapport aux trimestres précédents. Elle est principalement portée par i/ la poursuite de la montée en cadence de l’A350; ii/ une forte accélération du Leap visible...

Julien Onillon

Figeac Aero: Margin recovery expected

For the first time since its IPO, Figeac Aero (FGA) succeeded in generating positive free cash flow and reduced its net debt in the 03/2019 financial year. This was expected but it remains an essential milestone for the company, which thus demonstrates its ability to generate cash and to meet its objectives (this has not often been the case in the past). On the operational side, however, FGA reported results below our expectations.

Antoine Boivin-Champeaux ...
  • Yan Derocles

Figeac Aero : Visible scope for an improvement in WCR and a focus on the west for growth

>The west as a new source of growth - New sources of growth for the group over the coming years are undeniably to be found in the west, in the North American market. Whilst Figeac clearly lacks direct critical size in the region, we think that the group is now in a position to attack this market thanks to i/ a newly-efficient manufacturing facility with its factories in Wichita in the US and Hermosillo in Mexico; ii/ a marked acceleration in order intake with close to...

Antoine Boivin-Champeaux ...
  • Yan Derocles

Figeac Aero : Marge de manœuvre visible sur l’amélioration du BFR et cap vers l’Ouest pour la croissance

>A l’Ouest, le relais de croissance - Le relais de croissance pour le groupe sur les années à venir se trouvera incontestablement à l’ouest, sur le marché nord-américain. Figeac n’a certes pas la taille critique en direct sur la région, mais nous pensons que tout est aujourd’hui en place pour attaquer ce marché grâce à i/ un outil industriel désormais efficace avec ses usines de Wichita aux Etats-Unis et d’Hermosillo au Mexique ; ii/ une forte accélération des prises ...

Gilbert Ferrand

FIGEAC AERO. 2018-2019 Net Results (-). Consensus forecasts too ambitious

FIGEAC AERO. 2018-2019 Net Results (-). Consensus forecasts too ambitious

Gilbert Ferrand

FIGEAC AERO. Consensus à mars 2020 trop ambitieux

FIGEAC AERO. Consensus à mars 2020 trop ambitieux

Antoine Boivin-Champeaux ...
  • Fatma Agnès Hamdani
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/05/2019

...

Antoine Boivin-Champeaux ...
  • Fatma Agnès Hamdani
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/07/2019

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Alain William ...
  • Antoine Boivin-Champeaux
  • Jeremy Garnier
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 07/04/2019

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Alain William ...
  • Antoine Boivin-Champeaux
  • Jeremy Garnier
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/07/2019

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Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 06/11/2019

Following our ODDO BHF Nextcap Forum, 44 French and German companies met close to 100 investors in Paris. In the complex small caps market (outflows, limited liquidity, persistently high valuations) and in a more uncertain macroeconomic environment, selectivity is paramount and a number of opportunities are taking shape. We compile 35 feedback articles in the present document, which give rise to six target price revisions: i/ three upward (Esker, ECA, Groupe Gorge), and ii/ three down...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Figeac Aero SARL - Proxy report - 21/09/2018

Comme annoncé lors de l'assemblée générale précédente, Proxinvest s'oppose à l'absence non justifiée par la société d'un dividende en raison de résultats et d'une structure financière qui semblent permettre une distribution. Proxinvest s'opposera à une majorité des résolutions d'augmentation de capital qui demeurent utilisables en période d'offre publique. Enfin, afin de pouvoir remplir au mieux la mission de surveillance et de protection de l'ensemble des actionnaires qui lui incombe, il nous semblerait préférable que le conseil ne soit pas composé seulement de quatre membres dont trois per...

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