DJ FIGEAC AÉRO: Q1 2026/27 REVENUE
FIGEAC AÉRO
FIGEAC AÉRO: Q1 2026/27 REVENUE
02-Sep-2026 / 17:48 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Q1 2026/27 revenue
EUR111.8 million, 11.6% organic growth
21st consecutive quarter of growth
-- Revenue perfectly on track to meet the full-year target
21 quarters of revenue growth in a row
Growth driven primarily by the A350, A320 and 737 programs
-- Market still trending positively, despite the challenges raised by the geopolitical climate
Air traffic proving resilient following the Middle East shock
Order intake as robust as ever
Ramp-up underway at the main aircraft manufacturers
-- Commercial momentum intact
Developments in North America and in the defense sector
Backlog at a record high of EUR5.0 billion
Management confident about new business in Q2 and the rest of the year
-- Financial targets reiterated
FIGEAC AÉRO (FR0011665280 - FGA:FP), a leading partner for major aerospace manufacturers, has today released its
revenue for the first quarter of full year 2026/27 ended 30 June 2026.
EURm - IFRS Q1 2026/27 Q1 2025/26 Chg. Org. chg. 2026/27 YTD 2025/26 YTD Chg. Org. chg.
Unaudited figures
Aerostructures & 104.1 94.3 +10.4% +12.5% 104.1 94.3 +10.4% +12.5%
Aeroengines
Defense & Energy 7.7 7.6 +1.1% +1.1% 7.7 7.6 +1.1% +1.1%
Total revenue 111.8 101.9 +9.7% +11.6% 111.8 101.9 +9.7% +11.6%
Thomas Girard, Deputy Chief Executive Officer of the FIGEAC AÉRO Group, gave the following statement: "FIGEAC AÉRO has recorded its 21st quarter of revenue growth in a row, driven by rising build rates on its main aircraft programs.
This first-quarter performance has come out bang in line with the announced full-year trajectory, and we can therefore feel confident about the rest of the financial year.
Despite some short-term shocks arising from the geopolitical climate, the backlog remains at a record high, demand in the air transportation industry strong and momentum on our markets intact. We therefore continue to work closely with our customers, not only to keep up with rising build rates today but also to further develop our industrial solutions going forward - an aspect that is central to the business development targets set out in our PILOT 28 plan and the strategic initiatives announced back in June".
Revenue perfectly in line with the full-year target
FIGEAC AÉRO's revenue came to EUR111.8 million in the first quarter of 2026/27 (running from 1 April 2026 to 30 June 2026), with organic growth reaching 11.6% (+9.7% reported growth) year-on-year.
? The Aerostructures & Aeroengines division generated 12.5% organic growth over the quarter (+10.4%reported growth) at EUR104.1 million in revenue, compared with EUR94.3 million a year ago. The division's growth wasdriven primarily by healthy momentum in its main programs, the A350, A320 and 737, with the latter two including aramp-up in LEAP engines; ? The Defense & Energy division saw its revenue increase by 1.1% in the first quarter to EUR7.7 million, fromEUR7.6 million the previous year, with continued momentum in Defense, moderated by the delays observed in Energyactivities.
Given the seasonality of FIGEAC AÉRO's revenue, this performance puts the Group perfectly on track to meet its full-year target range of between EUR530 million and EUR560 million.
Market conditions as strong as ever
Although the Middle East region accounts for only around 10% of the world's air traffic, the Iran conflict has triggered a surge in oil prices and subsequently pushed inflation up and consumption down. Despite a situation yet unsettled, air traffic is proving resilient and has continued to show year-on-year growth since 1 January (data at 31 July 2026[1]):
? Passenger traffic: +0.6%, despite moderate slowdown since April. Traffic is already back to growth inJuly, demonstrating the industry's ability to adapt; ? Freight traffic: +4.6%, even more resilient.
The effects being felt mostly relate to a potential prolongation of the conflict, but there are currently no signs of a structural change in demand for air transportation. The IATA has therefore revised its full-year projections for passenger air traffic but still sees it growing by more than 2% in 2026[2].
Over the period, the world's main manufacturers have continued to enjoy solid order intake, exceeding the level reached this time last year (as a reminder, 2,135 net orders were registered in 2025)[3]:
? Airbus: 1,024 net orders as at 31 July 2026 (vs 405 at the same date in 2025); ? Boeing: 408 net orders as at 31 July 2026 (vs 655 at the same date in 2025); ? Embraer: 36 net orders as at 30 June 2026 (vs 120 at the same date in 2025); ? Corresponding to a total of 1,468 net orders vs 1,180 a year earlier.
Such strong demand still exceeds production capacity by a wide margin, despite an increase in deliveries made during the period compared to those in 2025. This means that manufacturer backlogs have hit new historical highs totalling 16,510 commercial aircraft (of which 9,358 at Airbus, 6,687 at Boeing and 465 at Embraer).
Demand for air transportation is also expected to continue growing in the longer term on the back of global economic growth, an expanding middle class (especially in Asia) and increased global connectivity. These aircraft manufacturers therefore see air traffic growing by an annual average of between 3.7% and 4.0% over the next twenty years, corresponding to a structural need for 42,000 to 44,000 new commercial aircraft during this same period.
FIGEAC AÉRO stands to benefit not only because the market's fundamentals remain as robust as ever and are fuelling long-term demand in both the commercial and military segments, but also because build rates are still rising in the short-term. Deliveries by the three main aircraft manufacturers since the beginning of the year were 12% higher than during the same period in 2025 (801 units vs 717 a year earlier), making it increasingly likely that production capacity will reach its 2018 peak of 1,667 units. These are all encouraging signs that supply chain performances are continuing to improve.
Commercial momentum intact
FIGEAC AÉRO's backlog at 30 June 2026 was 3.3% bigger than at 31 March 2026, mainly thanks to the flagship A320 and A350 programs, and has now reached the symbolic threshold of EUR5.0 billion for the first time ever.
Having gained four new sale agreements in North America and in the defense segment, FIGEAC AÉRO has at 30 June 2026 secured 60% of the target set under its PILOT 28 plan to generate EUR80 million to EUR100 million of annual revenue from new business by 2028.
The Group also expects to bring in further new business in the second quarter and over the rest of the year, underpinning its confidence that it will meet its 2028 targets.
Full-year targets reiterated
FIGEAC AÉRO's first-quarter performance has come out perfectly in line with its full-year target, it is enjoying robust sales momentum, and its market fundamentals remain as solid as ever. The Group therefore confirms all its full-year targets:
? Revenue between EUR530 million and EUR560 million; ? Current EBITDA between EUR86 million and EUR94 million; ? Free cash-flow between EUR35 million and EUR40 million, after factoring in c.EUR10 million for strategicinitiatives; ? Further deleveraging, with a leverage ratio expected at between 2.6x and 3.1x.
The Group also reiterates its targets out to March 2028, i.e. over EUR600 million in revenue, EUR100 million in current EBITDA, and a low level of debt reflected in a leverage ratio of between 2x and 2.5x.
As a reminder, these targets assume that the euro-dollar exchange rate will average 1.16 this year and 1.175 in financial year 2027/28, and no further significant deterioration of the geopolitical climate.
FIGEAC AÉRO to address its shareholders
FIGEAC AÉRO invites you to attend the 12th edition of its Live from the Cockpit webinar addressed to retail investors at 6pm on Thursday 3 September 2026, during which it will present its revenue figures for the first quarter of full-year 2026/27 (in French only).
Click here to register
Register here if you wish to receive the FIGEAC AÉRO Group's latest news
Upcoming events
-- 3 September 2026: 12th edition of the "Live from the Cockpit" webcast dedicated to retail investors
-- 8 September 2026: Kepler Cheuvreux Autumn Conference, Paris
-- 29 September 2026: Lyon Pôle Bourse Forum, Lyon
About Figeac Aéro
The FIGEAC AÉRO Group specialises in producing metal parts and sub-assemblies. It is a leading partner for major manufacturers in the aerospace, defense and energy sectors. FIGEAC AÉRO has a global industrial footprint with 14 production facilities spanning 8 countries and holds strategic positions on the world's main commercial and military aircraft programmes. The Group generated annual revenue of EUR486.8 million in the year to 31 March 2026.
FIGEAC AÉRO contacts
Jean-Claude Maillard
Chairman and Chief Executive Officer
Tel.: +33 (0)5 65 34 52 52
Simon Derbanne
Director Investor Relations, Corporate Communications & Public Affairs
Tel.: +33 (0)5 81 24 63 91
E-mail: simon.derbanne@figeac-aero.com / communications.group@figeac-aero.com
(MORE TO FOLLOW) Dow Jones Newswires
September 02, 2026 11:48 ET (15:48 GMT)
DJ FIGEAC AÉRO: Q1 2026/27 REVENUE -2-
Glossary
Term / indicator Definition
Current EBITDA Current operating income (loss) adjusted for net depreciation, amortisation and provisions before
the breakdown of R&D expenses capitalised by the Group by type
Sum of orders received and to be received extrapolated over a 10-year period for each contract and
Backlog request for proposals won, based on build rates and a EUR/USD exchange rate determined by the
Group and then projected for the future
Organic At constant scope and exchange rates
DIO (Days of
Inventory Average number of days of revenue for which an item of inventory is held
Outstanding)
Net debt Debt net of cash, excluding non-interest-bearing debt
Debt leverage ratio Ratio of net debt excluding non-interest-bearing debt to current EBITDA
Capex Investments in fixed assets
ORNANE Bonds redeemable into cash and/or new and/or existing shares
Free cash-flow Net cash-flow from operating activities before cost of financial debt and taxes, minus net
cash-flow from investing activities
Net free cash-flow Net cash-flow from operating activities after cost of financial debt and taxes, minus net
cash-flow from investing activities
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[1] IATA July 2026 Air Passenger Market Analysis.
[2] IATA June 2026 Global Outlook for Air Transport.
[3] Airbus, Boeing, order & deliveries 31 July 2026, Embraer, orders & deliveries 30 June 2026.
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Regulatory filing PDF file
File: CP_FGA_20260902_CA Q1 FY26-27_EN_vdef
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Language: English
Company: FIGEAC AÉRO
ZI de l'Aiguille
46100 FIGEAC
France
E-mail: communications.group@figeac-aero.com
Internet: www.figeac-aero.com
ISIN: FR0011665280
Euronext Ticker: FGA
AMF Category: Inside information / Other releases
EQS News ID: 2392910
End of Announcement EQS News Service
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(END) Dow Jones Newswires
September 02, 2026 11:48 ET (15:48 GMT)
