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Latecoere SA (LAEP.PA)

LAEP.PA on Paris Stock Exchange

3.85EUR
21 Nov 2019
Change (% chg)

€-0.00 (-0.13%)
Prev Close
€3.86
Open
€3.86
Day's High
€3.86
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€3.85
Volume
77,130
Avg. Vol
227,745
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€3.90
52-wk Low
€2.32

Latest Key Developments (Source: Significant Developments)

Latecoere Submits Indicative Offer To Acquire Bombardier Aviation’S Wiring Business
Monday, 11 Nov 2019 

Nov 11 (Reuters) - LATECOERE ::LATÉCOÈRE ANNOUNCES HAVING SUBMITTED AN INDICATIVE OFFER TO ACQUIRE BOMBARDIER AVIATION’S WIRING BUSINESS.THERE CAN BE NO ASSURANCE THAT SUCH A TRANSACTION WILL ACTUALLY BE COMPLETED..EXCLUSIVE NEGOTIATIONS FOR POTENTIAL ACQUISITION OF CERTAIN FACILITIES AND CONTRACTS OF BOMBARDIER AVIATION'S ELECTRICAL WIRING INTERCONNECTION SYSTEM (EWIS) BUSINESS.AVERAGE ANNUAL TURNOVER OF SUCH EWIS BUSINESS OVER LAST THREE YEARS WAS USD 60 MILLION..  Full Article

Latecoere Announces Information Relating To Tender Offer Targeting Its Shares
Tuesday, 29 Oct 2019 

Oct 29 (Reuters) - LATECOERE SA ::PRESS RELEASE OF OCTOBER 29, 2019 RELATING TO THE TENDER OFFER TARGETING THE SHARES OF THE COMPANY LATECOERE INITIATED BY SCP SKN HOLDING I S.A.S..OFFER PRICE: EUR 3.85 PER LATECOERE SHARE.DURATION OF OFFER: 25 TRADING DAYS.  Full Article

Latecoere Confirms 2019 Objectives
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Latecoere SA ::CONFIRMS 2019 OBJECTIVES.Q3 TOTAL REVENUE EUR 162.0 MILLION VERSUS EUR 149.8 MILLION YEAR AGO.  Full Article

Latecoere Q3 Revenue Up 6.1% Organically At EUR 162.0 Mln
Wednesday, 23 Oct 2019 

Oct 23 (Reuters) - Latecoere SA ::LATÉCOÈRE REPORTS STRONG REVENUE GROWTH IN THE FIRST NINE MONTHS OF 2019 AT CONSTANT EXCHANGE RATES.Q3 2019 REVENUE WAS UP 6.1% ON AN ORGANIC BASIS TO EUR 162.0 MILLION.END OF SEPTEMBER REVENUE WAS UP 10.9% ON AN ORGANIC BASIS TO EUR 533.7 MILLION.  Full Article

Latecoere H1 Recurring EBITDA Up At 28.1 Million Euros
Wednesday, 4 Sep 2019 

Sept 4 (Reuters) - LATECOERE SA ::LATÉCOÈRE’S H1 2019 RESULTS REFLECT THE IMPROVING UNDERLYING BUSINESS AND START-UP COST REQUIREMENTS.2019 GUIDANCE UNCHANGED.H1 REVENUES EUR 371.7 MILLION VERSUS EUR 320.8 MILLION YEAR AGO.H1 RECURRING EBITDA EUR 28.1 MILLION VERSUS EUR 20.9 MILLION YEAR AGO.H1 NET LOSS EUR 5.9 MILLION VERSUS PROFIT OF EUR 2.8 MILLION YEAR AGO.MONTREDON PLANT: DELIVERY OF BUILDING EXTENSION PLANNED FOR SEPT 6, 2019, RAMP-UP OF PRODUCTION OF SURFACE TREATMENT IN Q1 2020.WILL FORMALLY OPEN ITS NEW SITE IN BELAGAVI, INDIA, ON SEPTEMBER 10(TH), 2019.DIVISION'S OPERATING MARGIN SHOULD IMPROVE FROM 2021 ONWARDS.OVERALL, LATÉCOÈRE IS ANTICIPATING DELIVERING POSITIVE GROUP OPERATING FREE CASH FLOW FROM 2020.  Full Article

Sterling Strategic Value Fund: Latecoere should consider other bids
Monday, 1 Jul 2019 

July 1 (Reuters) - Latecoere SA ::STERLING STRATEGIC VALUE FUND SAYS IT BELIEVES THAT PRICE OFFERED BY SEARCHLIGHT DOES NOT REFLECT THE OPPORTUNITIES FOR LATECOERE.STERLING STRATEGIC VALUE FUND SAYS IT HOLDS 3.48% OF LATECOERE.STERLING STRATEGIC VALUE FUND SAYS DIRECTORS SHOULD OPEN LATÉCOÈRE TO POSSIBLE OTHER BIDDERS NOTWITHSTANDING THE PRESENCE OF SEARCHLIGHT CAPITAL.  Full Article

Searchlight Capital Partners Announces Intention To Launch Cash Tender Offer On Latécoère At EUR 3.85 Per Latécoère Share
Saturday, 29 Jun 2019 

June 28 (Reuters) - Searchlight Capital Partners::SEARCHLIGHT CAPITAL PARTNERS ANNOUNCES ITS INTENTION TO LAUNCH A FRIENDLY CASH TENDER OFFER ON LATÉCOÈRE AT A PRICE OF €3.85 PER LATÉCOÈRE SHARE.SEARCHLIGHT CAPITAL PARTNERS ANNOUNCES ITS INTENTION TO LAUNCH A FRIENDLY CASH TENDER OFFER ON LATÉCOÈRE AT A PRICE OF EUR 3.85 PER LATÉCOÈRE SHARE.SEARCHLIGHT CAPITAL PARTNERS - CURRENTLY HOLDS CIRCA 26% OF SHARE CAPITAL AND VOTING RIGHTS OF LATÉCOÈRE.SEARCHLIGHT CAPITAL - TO IMPLEMENT SQUEEZE-OUT PROCEDURE AT OUTCOME OF ITS TENDER OFFER FOR LATÉCOÈRE IF LEGAL, STATUTORY CONDITIONS ARE FULFILLED.SEARCHLIGHT CAPITAL PARTNERS - TENDER OFFER ON LATÉCOÈRE AT EUR 3.85 PER LATÉCOÈRE SHARE WOULD BE FILED WITH FRENCH FINANCIAL MARKET AUTHORITY IN Q3.SEARCHLIGHT CAPITAL - EXPRESSES "ITS FULL SUPPORT" IN MANAGEMENT TEAM OF LATÉCOÈRE AND IN COMPANY'S STRATEGY.  Full Article

Latecoere Q1 Revenue Up By 16.8 Pct To EUR 182.6 Million
Wednesday, 17 Apr 2019 

April 17 (Reuters) - LATECOERE SA ::LATÉCOÈRE REPORTS REVENUE GROWTH OF 12.8% IN THE FIRST QUARTER OF 2019 ON A COMPARABLE BASIS.IN Q1 OF 2019, LATÉCOÈRE GROUP'S REVENUE GREW BY 16.8% TO EUR 182.6 MILLION.2019 GUIDANCE REITERATED.  Full Article

Latecoere Opens New Plant In Bulgaria
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - LATECOERE SA ::LATÉCOÈRE OPENS NEW PLANT IN BULGARIA.TOTAL INVESTMENT BUDGET OF AROUND EUR15 MILLION HAS BEEN ALLOCATED TO FACTORY FROM NOW UNTIL 2020.GROUP AIMS TO BUILD UP SITE BY THE END OF 2019.  Full Article

Latecoere FY Adjusted Recurring Operating Profit Up At EUR ‍​51.1 Mln
Tuesday, 6 Mar 2018 

March 6 (Reuters) - LATECOERE ::FY ADJUSTED NET INCOME EUR 3.0‍​ MILLION VERSUS EUR 30.5 MILLION YEAR AGO.FY ADJUSTED RECURRING OPERATING PROFIT EUR ‍​51.1 MILLION VERSUS EUR 47.9 MILLION YEAR AGO.FY RECURRING FREE CASH FLOW FROM OPERATIONS AT EUR 63.9 MILLION.CONFIDENT IN ABILITY TO GAIN MARKET SHARE AMONG NEW CLIENTS IN 2018.2018 REVENUE EXPECTED TO INCREASE SLIGHTLY VERSUS 2017 AT CONSTANT EXCHANGE RATES.FROM 2019, TARGETS BUSINESS GROWTH WITH PROFITABILITY LEVEL AND CASH GENERATION ABOVE 2017 LEVELS.GRADUAL RAMP-UP OF NEW INDUSTRIAL SITES WILL BE TEMPORARILY REFLECTED IN 2018 OPERATIONAL PERFORMANCE.  Full Article

Aerospace firm Latecoere appoints advisor to examine Searchlight's bid

PARIS Latecoere said it had appointed financial advisory company Finexsi to study a 365 million euro ($409 million) takeover offer for the French aerospace company from Searchlight Capital.