Turnover: 341 million EUR (2022)

Country: France

Figeac Aéro specializes in the production of structural parts in light alloys and hard metals, engine parts, landing gear and sub-assemblies for the aerospace industry.

Sales by activity break down as follows:

- Production of structural parts for the aerospace industry (88.1%);

- Parts machining and surface treatment (7%);

- On-site assembly of aeronautical sub-assemblies (2.9%);

- Boilermaking and mechanical welding services (2%).

87.6% of sales are generated in France.

Sales were €450 million in 2019 and collapsed with the health crisis

News

Figeac Aero aims to cut costs to reduce debt 10/01/2024

  • Aircraft parts manufacturer Figeac Aero has received financial backing of 58.5 million euros in 2022 from Tikehau Capital for a 26% stake.
  • The family of founder Jean-Claude Maillard retains a majority 54% stake in the company.
  • Figeac Aero employed 3,200 people at the end of the Covid-19 pandemic.
  • By 2023, the company had increased its sales by 21% to 341 million euros.
  • Sales should reach around 385 million euros in 2024, and aim to return to its pre-crisis level of 447 million euros in 2025.
  • Figeac Aero forecasts annual growth of 10% to reach 550 to 600 million euros by 2028.
  • Figeac Aero aims to increase its Ebitda from 13% of sales in 2024 to 16% in 2028.
  • Figeac Aero has an order book of 3.7 billion euros.
  • Figeac Aero has invested 14 million euros in the construction of a 5,000 m² workshop in Casablanca, Morocco, where it employs 600 people.
  • The company opened a plant in China in a joint venture with aluminum manufacturer Shandong Nanshan in 2023.

Figeac Aero wins a new contract from Safran Nacelles geac Aero and Safran Nacelles: a new contract. 14/06/2023

  • Agreement to supply mechanical parts to Safran Nacelles: 140 million euros over ten years.
  • Group plant in Casablanca, Morocco: 600 employees.
  • Joint-venture in China: investment of 10 million euros, 30 employees, plant from 2,500 to 5,000 m2.
  • Financial restructuring with Tikehau Capital: contribution of 58.5 million euros, with Tikehau Capital holding 26% and Jean-Claude Maillard 54%.
  • Sales to end of fiscal year ending March 2023: 341 million euros.
  • Pre-crisis sales: 442 million euros in March 2020.
  • Figeac Aero: 3,000 employees, half in France.

Financial Data

DUNS: 349357343

Legal Name: FIGEAC AERO

Address: ZA DE L'AIGUILLE ZI DE L'AIGUILLE, 46100 FIGEAC

Number of employees: Entre 500 et 999 salariés (2021)

Capital: 4 967 165 EUR


Financial Data:

Year 2022 2021 2020 2019 2018 2017 2016 2015
Turnover 226 392 988 153 408 144 343 360 766 354 207 101 321 144 101 291 007 209 228 812 104 180 103 329
Gross margin (€) 150 589 016 112 799 038 243 247 733 254 778 380 236 794 056 231 990 807 179 767 823 147 518 254
EBITDA (€) 12 750 216 -14 470 856 21 984 267 35 691 043 27 545 538 43 535 487 33 697 118 17 709 070
Operating profit (€) -15 589 938 -30 392 772 -4 570 588 13 968 439 13 486 438 29 051 774 20 790 336 8 714 625
Net profit (€) -31 698 289 -67 845 669 -46 498 487 2 593 849 8 560 042 7 725 736 1 544 194 4 934 815
Turnover growth rate (%) 47,6 -55,3 -3,1 10,3 10,4 27,2 27 -
Ebitda margin rate (%) 5,6 -9,4 6,4 10,1 8,6 15 14,7 9,8
Operating margin rate (%) -6,9 -19,8 -1,3 3,9 4,2 10 9,1 4,8
Working Capital (turnover days) 136,2 248 73 97,3 112,8 121,9 65,2 63,5
Working Capital requirements (turnover days) 161,2 273,1 78,6 102,3 115,6 135,7 80,4 100,2
Net margin (%) -14 -44,2 -13,5 0,7 2,7 2,7 0,7 2,7
Added value / Turnover (%) 22,6 19,4 24,6 26,6 26,6 33,6 36,2 34,3
Wages and social charges (€) 35 804 100 41 368 370 57 573 941 54 265 358 53 454 719 50 897 065 46 340 097 42 056 897
Salaries / Turnover (%) 15,8 27 16,8 15,3 16,6 17,5 20,3 23,4

Company Managers:

Position First Name Last Name Age Linkedin
Administrateur Remi, Pierre Maillard 37
Administrateur Simon, Romain Maillard 31
Administrateur Marie-line, Francoise Malaterre 60
Administrateur Jean-claude, Bernard, Gabriel Maillard 67
Administrateur Eliane, Suzanne Maillard 64
Administrateur Franck Crepin 44
Administrateur Eric Raynaud 66
Administrateur Anne, Francoise, Marie Juhel 63

Studies mentioning this company

The aeronautical subcontracting market - France

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ESM The precision cold-rolled steel market - France

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