|H1 revenue||253.2||227.0||+ 12 %|
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.
|Aerostructures||Wiring & Systems||Engineering & Services||Consolidated total|
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
|Jean-Jacques PIGNERES / Finance
Jean-Pierre ROBERT / V.P. Communications
Tel. : +33 (0)5 61 58 77 00
Analyst & Investor relations
Tel. : +33 (0)1 53 67 35 74
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|LATECOERE||Euronext Paris||3.75||-1.32%||23 888|