|In ¤ million||H1 2011||H1 2011||Change|
- Revenue excluding non-recurring items
- Non-recurring items
|Engineering and Services||40.6||37.5||+8.2%|
Revenue excluding non recurring items
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.
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
Bertrand Parmentier / Executive VP & CFO
Tel.: +33 5 61 58 77 00
Corinne Puissant / Investor Relations
Tel.: +33 1 53 67 36 57 - email@example.com
Anne-Catherine Bonjour / Media Relations
Tel.: +33 6 53 67 36 93 - firstname.lastname@example.org
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|LATECOERE||Euronext Paris||3.77||-0.79%||24 600|