LATECOERE : Press release


The Chairman of the Supervisory Board of Latécoère Group has taken note of the decision of Mr. Bertrand PARMENTIER to join Pierre FABRE Group as CEO.

Mr. Pierre GADONNEIX and Mr. Bertrand PARMENTIER agreed, in accordance with Pierre FABRE Group, to ensure a smooth transition of both his CEO and Chairman of the Management Board responsibilities. His entry into office at Pierre FABRE will take place as soon as possible but in a manner preserving Latécoère's interests.

In the meantime, Mr. PARMENTIER will ensure his full prerogatives at Latécoère.

The Supervisory Board of Latécoère will consider, in the coming weeks, the measures to be taken to implement a new management organization which will take place at Mr. PARMENTIER's departure.


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



Bertrand Parmentier / CEO
Tel.: +33 5 61 58 77 00
Corinne Puissant / Investor Relations
Tel.: +33 1 53 67 36 57 -
Anne-Catherine Bonjour / Media Relations
Tel.: +33 1 53 67 36 93 -
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