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
bertrand.parmentier@latecoere.fr
ACTUS
Corinne Puissant / Investor Relations
Tel.: +33 1 53 67 36 57 - cpuissant@actus.fr
Anne-Catherine Bonjour / Media Relations
Tel.: +33 1 53 67 36 93 - acbonjour@actus.fr
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