|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 - firstname.lastname@example.org
Anne-Catherine Bonjour / Media Relations
Tel.: +33 6 53 67 36 93 - email@example.com
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|LATECOERE||Euronext Paris||5.40 (c)||-1.82%||217 567|