Latécoère : FY 2018 sales better than expected, evidencing end to industrial problems
>Q4 2018 sales ahead of forecasts - Latécoère yesterday evening reported Q4 2018 sales 11.5% ahead of our expectations at € 188.7m (Oddo BHF: € 169.2m), up 17.3% and 16.7% in organic terms. This upturn confirms that the bulk of the industrial difficulties experienced (in-sourcing following the failure of a supplier) are now behind us. This performance was driven by good momentum in the interconnection systems business (+8.7% in organic terms) but also reflects a ca...Societe Industrielle d'Aviation Latecoere and its subsidiaries are engaged in the manufacture of parts and equipment for the aeronautic and space industries. Co.'s products are mainly divided into 2 sectors: Airframe Structure and Equipment & Systems. Airframe Structure: manufactures Fuselage and Wing Structure Elements such as tail cones, forward upper shells, side parts, front spar bulkheads, nose sections, passenger doors, flaps; Nacelle Structure Elements such as fan cowls, tail engine fan cowls, translating sleeves, thrust reverser beams. Equipment & Systems: manufactures on-board electric racks, harnesses, landscape video camera system, pilot control panels and battery charge limiters.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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