Report
Antoine Boivin-Champeaux ...
  • Yan Derocles

Latécoère : Révision en baisse de nos estimations, ajustement de l'OC à 5 €

>IFRS 15 a un impact négatif sur l’EBIT et les BPA, pas sur le FCF - Le groupe a tout récemment dévoilé ses comptes détaillés aux normes IFRS15 qui font apparaître un poids des amortissements en sensible augmentation du fait de la comptabilité des NRC (non recurring costs) avec IFRS 15, désormais figurant en immobilisations amortissables et non plus en stocks. Nous avons conservé nos chiffres 2017 sous l‘ancienne norme mais adopté IFRS15 à compter de 2018 avec un effe...
Underlying
Latecoere SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Antoine Boivin-Champeaux

Yan Derocles

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