LATECOERE : 2012 H1 revenue: + 11.1% excluding non-recurring items

le
0
In ¤ million H1 2011 H1 2011 Change
Aerostructures
- Revenue excluding non-recurring items
- Non-recurring items
 
163.7
62.5
 
147.8
55.0
+10.8%
 
Interconnexion systems 86.0 75.9 +13.2%
Engineering and Services 40.6 37.5 +8.2%
Total revenue
Revenue excluding non recurring items
352.8
290.3
316.3
261.3
 
+11.1%


Sustained growth in activity

In H1 2012, the Group posted revenue, excluding non-recurring items, of ¤290.3 million, up 11.1% year on year. At a constant ¤/$ exchange rate, organic growth stood also at 10.5%.

The Group recorded on the period an additional non-recurring revenue of ¤62.5 million corresponding to billing of development costs (refer to press release dated February 2, 2012). As a result, total consolidated revenue reached ¤352.8 million.

After reporting a +19.9% growth in Q1 2012, Latécoère posted revenue of ¤146.8 million in Q2 2012, a 3.7 % increase over the same period last year, consistent with the overall expected 10 % growth over fiscal year 2012 communicated by the Group on February 21, 2012.


Order book : 4 years of revenues

As of June 30, 2012 and on the basis of a ¤/$ exchange rate of 1.25, the order book - which includes only firm orders announced by aircraft manufacturers - amounts to ¤2.2 billion. It represents about 4 years of revenue, and demonstrates the relevance of the multi-client platform built by the Group, which is confirmed for all the major, determinant programs launched for commercial, regional and corporate aircraft in the medium and long term.



About Latécoère

Latécoère is a tier 1 partner to major international aircraft manufacturers (Airbus, Embraer, Dassault, Boeing and Bombardier), in all segments of the aeronautical market (commercial, regional, corporate and military aircraft), specializing in three fields:

- Aerostructures (59% of total revenue): fuselage sections and doors.

- Interconnexion systems (27% of total revenue): onboard wiring, electrical harnesses and avionics bays.

- Engineering and Services (14% of total revenue): design, stress analysis and definition of industrial products - design, manufacturing & maintenance of tooling and special assemblies.

The Group employs 4,175 people, in 9 countries.

Latécoère had total consolidated revenues of ¤575.6 million in 2011 and as of June 30, 2012 its order book stood at ¤2.2 billion (based on a USD/EUR exchange rate of 1.25).

Latécoère, a French corporation (société anonyme) with capital of ¤18,621,608 divided into 9,310,804 shares with a par value of ¤2 per share is listed on Euronext Paris - Compartment C.

ISIN code: FR0000032278 - Reuters code: LAEP.PA - Bloomberg code: LAT.FP


CONTACTS

Groupe LATECOERE
Bertrand Parmentier / Executive VP & CFO
Tel.: +33 5 61 58 77 00
bertrand.parmentier@latecoere.fr
Actus
Corinne Puissant / Investor Relations
Tel.: +33 1 53 67 36 57 - cpuissant@actus.fr
Anne-Catherine Bonjour / Media Relations
Tel.: +33 6 53 67 36 93 - acbonjour@actus.fr
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