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LATECOERE : 2010 third quarter revenue up 7.3%
|(in € millions)||H1 2010||Q3 2010||Total at 30 September|
|2010||2009||Var. (%)||2010||2009||Var. (%)||2010||2009||Var. (%)|
|Wiring and Systems||69.8||77.9||-10.3%||29.1||28.8||+1.3%||98.9||106.6||-7.2%|
|Engineering and Services||23.9||18.6||+28.1%||16.1||9.1||+78.4%||40.0||27.7||+44.5%|
Recovery in activity confirmed: accelerating growth in Q3
In the third quarter of 2010, the Group achieved a turnover of €102.5 million, an increase of 7.3% (4.0 % at constant exchange rates). This performance reflects the market recovery, linked to the stepping up of aircraft manufacturers' production rates.
For the first nine months of the year, Latécoère reported a revenue of € 319.5 million, down 4.4% over the same period of 2009 (-7.3% at constant exchange rates).
Confirmation of sales target for FY2010
The level of growth anticipated by the Group in Q4 2010 allows it to confirm that its target revenue for the full year is similar to the actual 2009 figure. The gradual improvement in the level of activity is expected to continue, allowing the Group to return to growth in 2011.
On September 30, 2010 and on the basis of a €/$ exchange rate of 1.35, the order book - which includes only firm orders announced by aircraft manufacturers - comes to €2.14 billion. This represents the equivalent of four years of revenues, and demonstrates the relevance of the multi-client platform built by the Group, which is positioned in all the major, determinant programs launched for commercial, regional, and corporate aircraft in the medium and long term.
Latécoère is a tier 1partner 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 (58% of total revenue): fuselage sections and doors. Onboard Wiring and Systems (33% of total revenue): onboard wiring. electrical harnesses and avionics bays. Engineering and Services (9% of total revenue): research. design. and manufacturing of equipment.
The Group employs close to 3.650 people. in nine countries.
Latécoère had total consolidated revenues of €450 million in 2009 and as of September 30, 2010 its order book stood at €2.14 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
|GROUPE LATECOERE||ACTUS FINANCE|
|Bertrand PARMENTIER / Managing Director & CFO
Tel.: 05 61 58 77 00
|Nathalie BOUMENDIL / Investor Relations
Tel.: +33 (0)1 53 67 35 74 - email@example.com
Caroline GUILHAUME / Media Relations
Tel.: +33 (0)1 53 67 35 79 - firstname.lastname@example.org
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