on FIGEAC AERO (EPA:FGA)
FIGEAC AÉRO Posts Q1 2024/25 Revenue of €94 Million
FIGEAC AÉRO (FR0011665280 – FGA:FP), a key partner for major aerospace manufacturers, reported revenue figures for the first quarter of its fiscal year 2024/25, ending June 30, 2024. The company achieved a revenue of €94.0 million, marking a slight increase of 0.7% compared to €93.4 million in Q1 2023/24.
The Aerostructures & Aeroengines division showed a robust performance with a 4.0% growth. However, this was offset by a significant 23.7% decline in Diversification Activities due to unfavorable base effects.
Despite these challenges, FIGEAC AÉRO remains optimistic. The company aims to maintain its financial targets for FY 2024/25, including a revenue between €420 million and €440 million and current EBITDA between €67 million and €73 million.
The company anticipates continued growth due to positive market indicators such as increasing air traffic and freight, long-term demand for new aircraft, and robust order books from major manufacturers Boeing and Airbus.
R. E.
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