Latécoère : Ahead of a refinancing
>Headed for a low point reached in Q1 2021, but a very gradual improvement afterwards - Following the publication of the FY 2020 results and a company contact, we are downgrading our 2021 estimates. We are modelling adjusted EBITDA at a loss of € 34.3m for sales down 10.1%, including the integration of Bombardier’s EWIS activity over ten months. Most of the EBITDA improvement over the year will be the result of the USD hedging which will be up 5 cents to $ 1.16. Q1 20...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.
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