LATECOERE : Latécoère Group revenue growth target
The Group confirms its growth for 2011, with total revenue growth expected to top 20%. Excluding non-recurring billings of development costs, revenue should be over 10%.
In a context of the recovery in the aeronautic sector combined with the refinancing of its debt, the Group expects continued growth in its activities with estimated revenue growth for 2012 of about 10%, excluding non-recurring billings of development costs.
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 (56% of total revenue): fuselage sections and doors. Interconnexion systems (32% of total revenue): onboard wiring, electrical harnesses and avionics bays. Engineering and Services (12% of total revenue): research, design and manufacturing of equipment.
The Group employs 3,700 people, in ten countries. Latécoère had total consolidated revenues of €464 million in 2010 and as of December 31, 2010 its order book stood at €2.3 billion (based on a USD/EUR exchange rate of 1.35).
Latécoère, a French corporation (société anonyme) with capital of €17,219,994 divided into 8,609,997 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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