LATECOERE : Growth in activity +8.1% on a YTD revenue at September 30, 2013 - A320 NEO passenger doors: Latecoere confirmed over the program life

le
0
In ¤ million H1 Q3 YTD at September 30
  2013 2012 Change
(%)
2013 2012 Change
(%)
2013 2012 Change (%)
Aerostructures                  
- 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  
Interconnexion Systems 99.9 86.0 16.2% 41.3 39.1 5.7% 141.2 125.0 12.9%
Total revenue 310.4 352.8   140.1 126.4   450.5 479.3  
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."

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:

- 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

CONTACTS

Groupe LATECOERE
Bertrand Parmentier / CEO
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 1 53 67 36 93 - acbonjour@actus.fr
Information réglementée
Communiqués au titre de l'obligation d'information permanente :
- Communiqué sur comptes, résultats, chiffres d'affaires Communiqué intégral et original au format PDF :
http://www.actusnews.com/documents_communiques/ACTUS-0-33911-latecoere-ca-t3-2013-us-vdef.pdf © Copyright Actusnews Wire
Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free

Valeur associée
  Libellé Bourse Dernier Var. Vol.
Vous devez être membre pour ajouter des commentaires.
Devenez membre, ou connectez-vous.
Aucun commentaire n'est disponible pour l'instant