Figeac Aéro Group Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Financial Year Ending March 31, 2017 and Fiscal 2018
The Figeac Aéro Group reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported revenue of EUR 252,369,000 compared to EUR 207,580,000 a year ago. Adjusted EBITDA was EUR 60,756,000 compared to EUR 50,641,000 a year ago. EBITDA was EUR 58,774,000 compared to EUR 49,334,000 a year ago. Recurring operating income was EUR 38,852,000 compared to EUR 33,386,000 a year ago. Operating income was EUR 37,047,000 compared to EUR 29,793,000 a year ago. Net profit (Group share) was EUR 31,163,000 compared to net loss (Group share) of EUR 21,556,000 a year ago. Net debt was EUR 96.6 million compared to EUR 113.8 million a year ago.
For the current financial year ending March 31, 2017, the company has set itself the objective of accelerating business growth by at least 35%. Its target revenue is between EUR 340 million and EUR 370 million, which factors in the uncertainty of certain aircraft manufacturers' throughput, with an EBITDA margin holding steady between 23-25%.
The group already has very good visibility and has reaffirmed its objective of generating revenue of EUR 500 million by March 2018.