|In € million||Q1 2013||Q1 2012||Change|
- Revenue excluding non-recurring items
- Non-recurring items
|Engineering and Services||22.4||20.2||10.6%|
Revenue excluding non recurring items
Sustained growth in activity, in line with 2013 guidance
In Q1 2013, the Group posted revenue of €154.4 million, up +7.6% year on year (excluding non-recurring items). At a constant €/$ exchange rate, organic growth stood at 8.4%.
The Group recalled that during Q1 2012, non-recurring revenue of €62.5 million corresponding to billing of development costs was recorded.
All activities contributed to this growth which is consistent with the overall expected 5% growth for 2013 over fiscal year 2012 (excl. non-recurring items) communicated by the Group on March 27, 2013.
Order book representing 3.5 years of revenue
As of 31st December 2012 and based on a €/US$ exchange rate of 1.35, the order book - which includes only firm orders announced by aircraft manufacturers - amounted to €2.1 billion. It represents around 3.5 years of revenue and demonstrates the relevance of the multi-client platform built by the Group, which is positioned on all major programs launched for commercial, regional and corporate aircraft.
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:
- Aerostructures (60% of total revenue): fuselage sections and doors.
- Interconnexion systems (27% of total revenue): onboard wiring, electrical harnesses and avionics bays.
- Engineering and Services (13% of total revenue): design, stress analysis and definition of industrial products - design, manufacturing & maintenance of tooling and special assemblies.
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 December 31, 2012 its order book stood at €2.1 billion (based on a USD/EUR exchange rate of 1.35).
Latécoère, a French corporation (société anonyme) with capital of €18,648 038 divided into 9,324,019 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 / Executive VP & CFO
Tel.: +33 5 61 58 77 00
Corinne Puissant / Investor Relations
Tel.: +33 1 53 67 36 57 - email@example.com
Anne-Catherine Bonjour / Media Relations
Tel.: +33 6 53 67 36 93 - firstname.lastname@example.org
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-0-32051-latecoere-ca-t1-2013-uk-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
|LATECOERE||Euronext Paris||5.15 (c)||1.58%||608 098|