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Figeac Aéro — Capital/Financing Update 2017
Jan 18, 2017
1329_iss_2017-01-18_c631fa67-7b3c-44df-bb86-754a845b9fa3.pdf
Capital/Financing Update
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PRESS RELEASE
Figeac, 17 January 2017
FIGEAC AÉRO AWARDED THE ENTERNEXT PRIZE FOR THE FINANCIAL OPERATION OF THE YEAR 2016
The FIGEAC AÉRO Group (mnemonic code: FGA), a leading partner of major aerospace industry companies, is listed on Euronext Paris compartment B.
During its annual stock market conference, which took place on 17 January 2017, Euronext presented a prize to the companies whose IPO's or financial operations were remarkable in 2016. The FIGEAC AÉRO Group was awarded the EnterNext prize for the financial operation of the year 2016. The jury, made up of independent experts, chose to recognize the successful fundraising launched in March 2016, leading to a capital increase of €86.2 million.
On the back of the success of this fundraising operation, the Group began an ambitious development plan and intends to pursue this dynamic, with an expected record growth of its consolidated revenue of 35% at March 2017. In the medium term, the targets up to March 2020 are maintained, with revenue between €650 and €750 million1 , in other words a near three-fold increase of business in four years, accompanied by an EBITDA margin2 at current levels.
During the operation, the FIGEAC AÉRO Group was supported by ODDO & CIE, acting as Lead Manager and Joint Bookrunner, and by MIDCAP PARTNERS, acting as Joint Bookrunner, as well as by JEANTET Associés (legal council) and ACTUS finance & communication (financial communication agency).
ABOUT FIGEAC AÉRO
The FIGEAC AÉRO Group, a leading partner of major aerospace manufacturers, specialises in the production of light alloy and hard metal structural parts, engine parts, landing gear parts and sub-assemblies. An international group with a workforce of over 3,000 employees, FIGEAC AÉRO operates in France, the United States, Morocco, Mexico and Tunisia. In the year ended 31 March 2016, the Group reported annual revenue of €252.3 million. Its year-end order backlog was €3.9 billion.
FIGEAC AERO
Jean-Claude Maillard Chief Executive Officer Phone: +33 (0)5 65 34 52 52
ACTUS Finance & Communication
Corinne Puissant Analyst/Investor Relations Tél. : +33 (0)1 53 67 36 77 / [email protected] Jean-Michel Marmillon Press Relations Tél. :+33 (0)1 53 67 36 73 / [email protected]
1 On the basis of a 1.18 €/\$ parity
2 Current operating income + depreciation, amortisation and provisions + net charges to provisions