Figeac Aero (FGA) Q1 24/25 TU earnings summary

Executive summary

• Q1 2024/25 revenue reached €94.0 million, a 0.7% increase compared to Q1 2023/24, driven by growth in Aerostructures & Aeroengines despite a challenging environment.

• Aerostructures & Aeroengines division grew by 4.0% year-over-year, while Diversification Activities declined by 23.7% due to an unfavorable base effect.

• The company maintains its 2024/25 financial targets, citing solid market fundamentals and a robust backlog.

Financial highlights

• Total Q1 2024/25 revenue: €94.0 million, up 0.7% year-over-year.

• Aerostructures & Aeroengines revenue: €85.6 million, up 4.0% year-over-year.

• Diversification Activities revenue: €8.4 million, down 23.7% year-over-year.

• Annual revenue for FY 2023/24 was €397.2 million.

Outlook and guidance

• FY 2024/25 revenue guidance: €420–440 million; current EBITDA: €67–73 million; free cash flow: €20–28 million.

• FY ending March 2028 targets: revenue €550–600 million, financial leverage between 2x and 2.5x.

• Revenue growth expected to accelerate in H2 2024/25 and beyond, supported by strong market demand.