BUSINESS DURING THE FIRST HALF OF 2016/2017

BUSINESS DURING THE FIRST HALF OF 2016/2017

The Figeac Aéro Group (ticker code: FIG), a leading partner of major aerospace industry companies, has today published its revenue figures for the first half of the financial year ended 31 March 2017.

In € millions – IFRS

Unaudited data[1]
2015/16


2016/17

 
% 2016/17

vs 2015/16


Revenue for the first half-year
118.9
146.1
+23%

Business momentum in line with the development plan

The Figeac Aéro Group saw a positive start to the 2016/17 financial year with growth of +23% (+24% at constant exchange rates) and consolidated revenue of €146.1million at 30 September 2016, perfectly in line with published targets.

The first half-year dynamic is essentially driven by the Aerostructures business (84% of total revenue), an increase of 27.4% to €123.3 million, and continues to take advantage of the ramp-up of the major aeronautical programmes.

An expected ramp-up over the second half-year

With a sound order book, the Group accelerates its growth dynamic over the second half-year 2016/2017. This second half-year begins at a sustained rhythm, with strong expected growth driven mainly by the Airbus A350 programme and the ramp-up of engine part deliveries for the LEAP programme, in which the Group won two Long Term Agreements worth $500 million and $40 million.

In line with its action plan for the current financial year (ending on 31 March 2017), the Group confirms its annual financial targets with expected record revenue growth of 35% to around €340 million and an EBITDA margin[2] of more than €78 million, which would be an historic level.

Backed by the success of its round of funding, the Group has committed itself to a far-reaching business development plan and to forging ahead with this growth drive. The March 2020 objectives are affirmed with revenue between €650 and €750 million[3], i.e. an almost three-fold increase in four years, and an EBITDA margin3 at current levels.

Upcoming release: 15 December 2016, first half-year 2016/2017 results (before the market opens)

FIGEAC AERO

Jean-Claude Maillard

Chief Executive Officer

Tél. : 05 65 34 52 52

 
ACTUS Finance & Communication

Corinne Puissant

Analyst/Investor Relations

Tél. : 01 53 67 36 77

cpuissant@actus.fr

 

Jean-Michel Marmillon

Press Relations

Tél. : 01 53 67 36 73

jmmarmillon@actus.fr

Source: Actusnews