Growth in activity +8.1% on a YTD revenue at September 30, 2013 - A320 NEO passenger doors: Latecoere confirmed over the program life
| In € million | H1 | Q3 | YTD at September 30 | ||||||
| 2013 | 2012 | Change (%) |
2013 | 2012 | Change (%) |
2013 | 2012 | Change (%) | |
| Aerostructures | |||||||||
| - Revenue exc. non-recurring items | 210.5 | 204.3 | 3.% | 98.8 | 87.4 | 13.1% | 309.3 | 291.7 | 6.0% |
| - Aerostructure Industry | 164.5 | 163.7 | 0.5% | 76.3 | 68.6 | 11.2% | 240.8 | 232.3 | 3.7% |
| - Aerostructure Services (*) | 46.0 | 40.6 | 13.1% | 22.5 | 18.8 | 19.8% | 68.5 | 59.4 | 15.2% |
| - Non-recurring items | - | 62.5 | - | - | - | 62.5 | |||
| Interconnexion Systems | 99.9 | 86.0 | 16.2% | 41.3 | 39.1 | 5.7% | 141.2 | 125.0 | 12.9% |
| Total revenue | 310.4 | 352.8 | 140.1 | 126.4 | 450.5 | 479.3 | |||
| Revenue exc. non-recuring items | 310.4 | 290.3 | 6.9% | 140.1 | 126.4 | 10.8% | 450.5 | 416.7 | 8.1% |
(*) previously Engineering & Services
Sustained growth in activity, consistent with 2013 guidance
For the first 9 months of 2013, the Group posted a €450.5 million revenue (+8.1% year on year excluding non-recurring items). At a constant €/$ exchange rate, organic growth stood at +9.4%.
The Group recalls that a €62.5 million non-recurring revenue was recorded in Q1 2012 corresponding to billing of development costs.
In addition to increasing production rates, services activities significantly contributed to this growth both in Aerostructure (+15.2%) and within Interconnexion Systems.
The overall expected 5% growth for 2013 is supported by the performance recorded over the first 9 months of 2013.
A320 NEO passenger doors: Latecoere confirmed over the program life
Airbus confirmed Latecoere Group over the program life on the A320 NEO for the production of 4 passenger doors per aircraft on a minimum of 50% of the production rate (identical scope as for the A320 program).
Bertrand Parmentier, CEO and Eric Gillard, COO of Latecoere Group said: "We are very pleased that Airbus renews its confidence to the Group. This strengthens Latecoere position as one of the leading supplier for aircraft doors."
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
CONTACTS
|
Groupe LATECOERE Bertrand Parmentier / CEO Tel.: +33 5 61 58 77 00 [email protected] |
ACTUS Corinne Puissant / Investor Relations Tel.: +33 1 53 67 36 57 - [email protected] Anne-Catherine Bonjour / Media Relations Tel.: +33 1 53 67 36 93 - [email protected] |
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