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Latécoère — Earnings Release 2013
May 14, 2013
1472_iss_2013-05-14_6a829d21-2d3c-4a4e-9c6b-ba51ada471da.pdf
Earnings Release
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Press release Toulouse, May 14, 2013 – 6 pm
| in € million | Q1 2013 | Q1 2012 | Change |
|---|---|---|---|
| Aerostructures | 80,1 | 140,3982383 | -42,3% |
| - Revenue excluding non-recurring items | 81.0 | 77.9 | 4.0% |
| - Non-recurring items | - | 62.5 | |
| Interconnexion Systems | 51.0 | 45.4 | 12.4% |
| Engineering and Services | 22.4 | 20.2 | 10.6% |
| Total revenue | 154.4 | 206.0 | |
| Revenue excluding non-recurring items | 154.4 | 143.5 | 7.6% |
Q1 2013 revenue up by 7.6%
Sustained growth in activity, in line with 2013 guidance
In Q1 2013, the Group posted revenue of €154.4 million, up +7.6% year on year (excluding non-recurring items). At a constant €/\$ exchange rate, organic growth stood at 8.4%.
The Group recalled that during Q1 2012, non-recurring revenue of €62.5 million corresponding to billing of development costs was recorded.
All activities contributed to this growth which is consistent with the overall expected 5% growth for 2013 over fiscal year 2012 (excl. non-recurring items) communicated by the Group on March 27, 2013.
Order book representing 3.5 years of revenue
As of 31st December 2012 and based on a €/US\$ exchange rate of 1.35, the order book – which includes only firm orders announced by aircraft manufacturers – amounted to €2.1 billion. It represents around 3.5 years of revenue and demonstrates the relevance of the multi-client platform built by the Group, which is positioned on all major programs launched for commercial, regional and corporate aircraft.
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:
- Aerostructures (60% of total revenue): fuselage sections and doors.
- Interconnexion systems (27% of total revenue): onboard wiring, electrical harnesses and avionics bays.
- Engineering and Services (13% of total revenue): design, stress analysis and definition of industrial products - design,
- manufacturing & maintenance of tooling and special assemblies. 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 December 31, 2012 its order book stood at €2.1 billion (based on a USD/EUR exchange rate of 1.35).
Latécoère, a French corporation (société anonyme) with capital of €18,648 038 divided into 9,324,019 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
Bertrand Parmentier / Executive VP & CFO Corinne Puissant / Investor Relations Tel.: 33 (0)5 61 58 77 00 Tel.: +33 (0)1 53 67 36 57 - [email protected] [email protected] Anne-Catherine Bonjour / Media Relations Tel.: +33 (0)1 53 67 36 93 - [email protected]