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

Gilbert Ferrand

FIGEAC AERO. H1 Net Income 2018-2019 (=). Solid half-year results

FIGEAC AERO.  H1 Net Income 2018-2019 (=). Solid half-year results

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Jean-François Granjon
  • Jerôme Bodin
  • Nicolas David
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 12/18/2018

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Antoine Boivin-Champeaux ...
  • Yan Derocles

Figeac Aero : Marked improvement in FCF in H1 largely lends weight to objectives

>An EBITDA margin a shade below our expectations in H1 2018-19… - Figeac has just reported a satisfactory H1 2018-19 with adjusted EBITDA of € 36.7m (Oddo BHF: € 38.1m) for sales up 18.8%, i.e. margin of 18.2%, down 100bp. This contraction is due, notably, to: 1/ an unfavourable forex effect of € 2.7m and 2/ a dilutive effect from the integration of Tofer (-€ 0.8m) which remains penalised by recurring delays. Note that the accounts now integrate IFRS15. Like-for-like ...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Jean-François Granjon
  • Jerôme Bodin
  • Nicolas David
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 18/12/2018

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Antoine Boivin-Champeaux ...
  • Yan Derocles

Figeac Aero : La forte amélioration du FCF au S1 crédibilise amplement les objectifs

>Une marge d’EBITDA légèrement inférieure à nos attentes au S1 2018/19… - Figeac vient de publier un S1 2018/19 satisfaisant avec un EBITDA ajusté de 36.7 M€ (Oddo : 38.1 M€) pour des ventes en progression de 18.8%, soit une marge de 18.2% en recul de 100 pb. Ce recul s’explique notamment par : 1/ un effet changes défavorable de 2.7 M€ et 2/ un effet dilutif de l’intégration de Tofer (-0.8 M€) qui reste pénalisé par des retards récurrents. Soulignons que les comptes i...

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...

Gilbert Ferrand

FIGEAC AERO. H1 Net Income 2018-2019 (=). Solid half-year results

FIGEAC AERO.  H1 Net Income 2018-2019 (=). Solid half-year results

Antoine Boivin-Champeaux ...
  • Yan Derocles

Figeac Aero : Marked improvement in FCF in H1 largely lends weight to objectives

>An EBITDA margin a shade below our expectations in H1 2018-19… - Figeac has just reported a satisfactory H1 2018-19 with adjusted EBITDA of € 36.7m (Oddo BHF: € 38.1m) for sales up 18.8%, i.e. margin of 18.2%, down 100bp. This contraction is due, notably, to: 1/ an unfavourable forex effect of € 2.7m and 2/ a dilutive effect from the integration of Tofer (-€ 0.8m) which remains penalised by recurring delays. Note that the accounts now integrate IFRS15. Like-for-like ...

Antoine Boivin-Champeaux ...
  • Yan Derocles

Figeac Aero : La forte amélioration du FCF au S1 crédibilise amplement les objectifs

>Une marge d’EBITDA légèrement inférieure à nos attentes au S1 2018/19… - Figeac vient de publier un S1 2018/19 satisfaisant avec un EBITDA ajusté de 36.7 M€ (Oddo : 38.1 M€) pour des ventes en progression de 18.8%, soit une marge de 18.2% en recul de 100 pb. Ce recul s’explique notamment par : 1/ un effet changes défavorable de 2.7 M€ et 2/ un effet dilutif de l’intégration de Tofer (-0.8 M€) qui reste pénalisé par des retards récurrents. Soulignons que les comptes i...

Gilbert Ferrand

FIGEAC AERO. RN S1 2018-2019 (=). Semestriels solides

FIGEAC AERO. RN S1 2018-2019 (=). Semestriels solides

Antoine Boivin-Champeaux ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Take-off of long-haul low-cost: engine for growth

We maintain our positive bias on civil aerospace notably thanks to the take-off of long-haul low-cost and have adopted a more cautious opinion on the defence sector. We have recently upgraded our recommendations to Buy for Rolls-Royce and Dassault Aviation and confirm our Buy recommendations for Safran and MTU. We have downgraded Thales to Neutral, taking a break. - >Positive bias maintained on civil aerospace… - The indicators on the civil aerospace market are no long...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Jean-François Granjon
  • Jerôme Bodin
  • Nicolas David
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 12/18/2018

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Jean-François Granjon
  • Jerôme Bodin
  • Nicolas David
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 18/12/2018

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Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Johanna Jourdain
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/22/2018

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Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Fatma Agnès Hamdani
  • Jean-François Granjon
  • Johanna Jourdain
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 22/11/2018

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Ahmed Ben Salem ...
  • Bruno Hareng
  • François Maury
  • Jerôme Bodin
  • Michael Foundoukidis
  • Olfa Taamallah
  • Oussema Denguir
  • Pierre Corby
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/13/2018

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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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