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Figeac Aéro: buoyant after its annual sales figures

( - Figeac Aéro climbed 4% the day after the aeronautical equipment manufacturer announced sales of 397.
2 million euros for its 2023-24 financial year, up 16.3% (+19.3% organic) and 3.2% above Oddo BHF's expectations.

This momentum, which is also reflected in an increase in the order book to 3.9 billion euros at the end of April, has prompted management to raise its other annual targets, aiming for recurring EBITDA of between 50 and 53 million euros and FCF of between 20 and 24 million.

In our view, this publication demonstrates that the company has set short- and medium-term targets with a sufficiently large cushion to absorb shocks", commented Oddo BHF, which remains 'outperform' and has raised its target price from 6.5 to 7.1 euros.

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