LATECOERE : H1 Revenue: + 12 %

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0
¤ million 2007 2006 Variation
H1 revenue 253.2 227.0 + 12 %

Activity

The LATECOERE group's first half-year 2007 consolidated revenue amounted to EUR 253.2 million, compared to EUR 227 million for the same period in 2006, an increase of 12%. The Wiring & Systems activity accounted for a part of this growth, with strong sales from developing programmes.

  REVENUE
 (¤ millions)
Aerostructures Wiring & Systems Engineering & Services Consolidated total
2007 2006 2007 2006 2007 2006 2007 2006
1st quarter 67.9 64.6 41.9 27.3 5.8 5.0 115.6 96.8
2nd quarter 94.7 91.4 37.1 33.5 5.8 5.3 137.6 130.2
1st half-year 162.6 156.0 79.0 60.8 11.6 10.3 253.2 227.0

 

These first half-year sales consolidate the Group's objective of increasing annual revenue by around +10%

LATECOERE - Méaulte - St. Nazaire ville merger

Within the scope of the "Power 8" plan launched by Airbus, the LATECOERE group bid to take over the Méaulte and Saint Nazaire ville sites. A proposal has just been finalised.

The new Group thus established would rank in the worldwide top 6, with revenue greater than 1 billion euros, as of 2008:

  • European leader for Aerostructures (European leader for nose sections and world leader for doors).
  • Ranked 2nd in the world for onboard wiring (world leader for avionics bays).

The outlook for the group is one of significant growth with, in the short-term, the launch of Airbus A350XWB, and in the medium-term, the launch of Airbus 320's and Boeing's 737 replacements.

The Latécoère - Méaulte - St. Nazaire ville merger consolidates the future of the aerostructure industry in France.

A capital increase is being prepared. The description of the operation will be communicated during the second half-year and to be finalised at the end of the year.


Latécoère business profile

With 2006 revenues of ¤432.7 million and an order backlog of ¤1,500 million, Latécoère Group is strengthening positions in three areas:

  • Aerostructures (66% of revenue): fuselage sections and doors
  • Onboard wiring and systems (29% of revenue): wiring, electrical racks/harnesses and onboard equipment
  • Engineering and services (5% of revenue): research, design and manufacture of tooling

Latécoère Group is a key partner for leading aircraft manufacturers, contributing to major international programs from the very first stages in development.

The company is listed in the B segment of the Eurolist by EuronextTM market - It is a component of the SBF 250, CAC MID&SMALL 190, SMALL 90 and IAS indexes - ISIN: FR0000032278 - Reuters: LAEP.PA - Bloomberg: LAT.FP


VOS CONTACTS

Groupe Latecoere ACTUS
Jean-Jacques PIGNERES / Finance
Jean-Pierre ROBERT / V.P. Communications
Tel. : +33 (0)5 61 58 77 00
jj.pigneres@latecoere.fr
Nathalie BOUMENDIL
Analyst & Investor relations
Tel. : +33 (0)1 53 67 35 74
nboumendil@actus.fr
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