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Latecoere SA (LAEP.PA)

LAEP.PA on Paris Stock Exchange

2.89EUR
22 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Aircraft equipment manufacturer Latecoere wins new Boeing contract
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Latecoere SA ::* Latécoère wins new contract with Boeing to supply KC-46A tanker aft access doors.* The first door under this contract will be delivered in early 2020 and deliveries will continue until the end of the decade, with a production rate of about fifteen aircraft per year..* Parts will be manufactured at Latécoère’s Toulouse Montredon Factory 4.0 which opened in May 2018, while assembly will take place at the Group’s North American Door Centre of Excellence in Hermosillo, Mexico.  Full Article

Latecoere Expects To Deliver Significant Organic Revenue Growth in 2019
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - LATECOERE SA ::ADJUSTS ITS OUTLOOK FOR 2019.FASTER THAN EXPECTED REVENUE GROWTH IN INTERCONNECTION SYSTEMS WILL DRIVE THE GROUP’S ORGANIC GROWTH IN 2019.GROUP'S 2019 RECURRING OPERATING MARGIN WILL REFLECT:* ADDITIONAL INTERCONNECTION SYSTEMS START-UP COSTS AND INVESTMENTS TO SUPPORT GROWTH.BUSINESS WINS RECORDED BY LATÉCOÈRE'S INTERCONNECTION SYSTEMS DIVISION IN 2018 WILL REQUIRE NEW START-UP COSTS.SEIZING OPPORTUNITIES WILL GROW OUR MARKET SHARE BUT WILL IMPACT DIVISION'S PROFITABILITY IN 2019.LATÉCOÈRE’S PREVIOUS EXPECTATIONS REMAIN VALID FOR 2018.GROUP'S 2019 RECURRING OPERATING MARGIN TO REFLECT: DETERIORATING AEROSTRUCTURES PRODUCT MIX AND DELAYED BENEFIT OF INSOURCING OF PRIMARY PARTS.IN 2018 GROUP REVENUE TO BE IN LINE WITH 2017 EXCLUDING CURRENCY EFFECTS, AND H2 RECURRING MARGIN TO BE BETTER THAN H1.WE REMAIN TOTALLY FOCUSED ON EXECUTING OUR TRANSFORMATION 2020 PLAN.IN 2019, LATÉCOÈRE NOW EXPECTS TO DELIVER SIGNIFICANT ORGANIC REVENUE GROWTH EXCLUDING CURRENCY EFFECTS..IS CONFIDENT THAT 2018 NEW CONTRACTS WILL BECOME MARGIN ACCRETIVE FROM 2020 ONWARDS.SOME OF COST REDUCTIONS ORIGINALLY PLANNED IN 2019 WILL OCCUR ONE YEAR LATER.  Full Article

Latecoere Q3 Total Revenue Up At 149.8 Million Euros
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - LATECOERE SA ::SEES FULL-YEAR REVENUES IN LINE WITH THE PREVIOUS YEAR (EXCLUDING CURRENCY EFFECTS).Q3 TOTAL REVENUE EUR 149.8 MILLION VERSUS EUR 146.1 (RESTATED) MILLION YEAR AGO.  Full Article

Latecoere H1 Recurring EBITDA Down At 20.9 Million Euros
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - LATECOERE SA ::H1 TOTAL REVENUES EUR 320.8 MILLION VERSUS RESTATED EUR 350.4 MILLION YEAR AGO.H1 RECURRING EBITDA EUR 20.9 MILLION VERSUS EUR 46.5 MILLION YEAR AGO.H1 NET RESULT EUR 2.8 MILLION VERSUS RESTATED EUR 38.5 MILLION YEAR AGO.EXPECTS IMPROVEMENT IN FREE CASH FLOW AND OPERATING MARGIN IN H2 2018.IN 2019, INTENSIFICATION OF COST REDUCTION EFFORTS IS EXPECTED TO RESTORE LEVEL OF OPERATING PROFIT IN LINE WITH 2017.IN 2019 BELIEVES OPERATING RESULT WILL BE IN LINE WITH 2017'S.  Full Article

Latecoere H1 Total Revenues Down At EUR 320.8 Million
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Latecoere SA ::H1 TOTAL REVENUES EUR 320.8 MILLION VERSUS EUR 350.4 MILLION YEAR AGO.ANTICIPATES A SLIGHT ORGANIC GROWTH FOR 2018.FOR 2019 EXPECTS RETURN TO LEVELS OF OPERATING INCOME AND FCF (BEFORE CAPEX) IN LINE WITH THOSE OF 2017.  Full Article

Latecoere Wins Contract With Turkish Airlines
Tuesday, 17 Jul 2018 

July 17 (Reuters) - LATECOERE SA ::NEW CONTRACT WITH TURKISH AIRLINES.TURKISH AIRLINES HAS SELECTED LATÉCOÈRE INTERCONNECTION SYSTEMS IN ORDER TO TO EQUIP ITS FLEET OF BOEING 787 HIGH DEFINITION LANDSCAPE CAMERAS.  Full Article

Latecoere Announces Q1 Revenue At 156.3 Million Euros
Tuesday, 24 Apr 2018 

April 24 (Reuters) - LATECOERE SA ::EUR 156.3 MILLION IN REVENUE FOR FIRST THREE MONTHS OF YEAR.CONFIRMATION OF 2018 REVENUE OUTLOOK.  Full Article

Latecoere Contracts Financing Of 55 Million Euros With European Investment Bank
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - LATECOERE ::CONTRACTS FINANCING OF EUR 55 MILLION WITH EUROPEAN INVESTMENT BANK (EIB).FUNDING WILL SUPPORT THE PLANNED INVESTMENTS AS PART OF TRANSFORMATION 2020 PLAN.  Full Article

Latecoere Wins New Contract With Boeing For 777 Program‍​
Monday, 4 Dec 2017 

Dec 4 (Reuters) - LATECOERE ::WINS A NEW CONTRACT WITH BOEING FOR THE 777 PROGRAM‍​.BOEING CHOSE LATÉCOÈRE TECHNOLOGY TO EQUIP THE COCKPITS OF EMIRATES' EXISTING FLEET OF 777S.COCKPITS TO BE EQUIPPED WITH SWITCHBOARD AND DIGITAL-TO-ANALOG CONVERTER.  Full Article

Latecoere Q3 total revenue for ongoing operations down at 144.6 million euros
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - LATECOERE ::Q3 TOTAL REVENUE FOR ONGOING OPERATIONS EUR 144.6 MILLION VERSUS EUR 154.6 MILLION YEAR AGO.REFINED ITS 2017 FORECAST AND NOW EXPECTS A SLIGHT DOWNTURN IN YEARLY REVENUE OF 1% TO 3% AT CONSTANT EXCHANGE RATES ‍​.ADJUSTED RECURRING OPERATING INCOME IS STILL EXPECTED TO IMPROVE AND FREE CASH FLOW FROM OPERATIONS IS EXPECTED TO BE POSITIVE‍​.  Full Article

REFILE-UPDATE 1-Latecoere sees new contract costs reducing 2019 profits

Dec 5 French aerospace equipment maker Latecoere cut its 2019 earnings outlook on Wednesday, saying additional start-up costs related to new contracts would temporarily weigh on margins and cash flow.