|In ¤ million||H1||Q3||YTD at September 30|
|- Revenue exc. non-recurring items||210.5||204.3||3.%||98.8||87.4||13.1%||309.3||291.7||6.0%|
|- Aerostructure Industry||164.5||163.7||0.5%||76.3||68.6||11.2%||240.8||232.3||3.7%|
|- Aerostructure Services (*)||46.0||40.6||13.1%||22.5||18.8||19.8%||68.5||59.4||15.2%|
|- Non-recurring items||-||62.5||-||-||-||62.5|
|Revenue exc. non-recuring items||310.4||290.3||6.9%||140.1||126.4||10.8%||450.5||416.7||8.1%|
(*) previously Engineering & Services
Sustained growth in activity, consistent with 2013 guidance
For the first 9 months of 2013, the Group posted a ¤450.5 million revenue (+8.1% year on year excluding non-recurring items). At a constant ¤/$ exchange rate, organic growth stood at +9.4%.
The Group recalls that a ¤62.5 million non-recurring revenue was recorded in Q1 2012 corresponding to billing of development costs.
In addition to increasing production rates, services activities significantly contributed to this growth both in Aerostructure (+15.2%) and within Interconnexion Systems.
The overall expected 5% growth for 2013 is supported by the performance recorded over the first 9 months of 2013.
A320 NEO passenger doors: Latecoere confirmed over the program life
Airbus confirmed Latecoere Group over the program life on the A320 NEO for the production of 4 passenger doors per aircraft on a minimum of 50% of the production rate (identical scope as for the A320 program).
Bertrand Parmentier, CEO and Eric Gillard, COO of Latecoere Group said: "We are very pleased that Airbus renews its confidence to the Group. This strengthens Latecoere position as one of the leading supplier for aircraft doors."
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:
- Aerostructure Industrial (60% of total revenue): fuselage sections and doors.
- Aerostructure Services (13% of total revenue): design, stress analysis and definition of industrial products - design, manufacturing & maintenance of tooling and special assemblies
- Interconnexion Systems (27% of total revenue): onboard wiring, electrical harnesses and avionics bays.
The Group employed as of December 31, 2012 4,288 people, in 10 countries.
Latécoère had total consolidated revenues of ¤643.6 million in 2012 and as of June 30, 2013 its order book stood at ¤2.24 billion (based on a USD/EUR exchange rate of 1.35).
Latécoère, a French corporation (société anonyme) with capital of ¤18,650,132 divided into 9,325,066 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 / CEO
Tel.: +33 5 61 58 77 00
Corinne Puissant / Investor Relations
Tel.: +33 1 53 67 36 57 - firstname.lastname@example.org
Anne-Catherine Bonjour / Media Relations
Tel.: +33 1 53 67 36 93 - email@example.com
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|LATECOERE||Euronext Paris||3.41||0.59%||51 306|