Oddo BHF - Latecoere SA (LAT) Latécoère : More caution on H2 despite H1 results that beat our forecasts

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Oddo BHF

Fatma Ayachi ...

Olfa Taamallah
Oussema Ettaieb
Yan Derocles

Latécoère : More caution on H2 despite H1 results that beat our forecasts

>H1 2020 results beat our estimates - Latécoère has published interim figures that beat our forecasts with underlying EBITDA at -€ 17.2m, vs our estimate of -€ 37m, for a 37.6% decline in sales to € 231.9m (ODDO BHF: € 222m). The gap with our estimate stems from more effective cost controls. The operating loss was -€ 68.6m and includes € 28.2m in asset impairments at the aerostructure division. In detail by division: The aerostructure division posted a 41....

17/09/2020 4 EN

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.

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FR0000032278 Euronext Paris France

Provider

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.

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Analysts

Fatma Ayachi

Olfa Taamallah

Oussema Ettaieb

Yan Derocles

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Latécoère : More caution on H2 despite H1 results that beat our forecasts

ODDO BHF Small & MIDCAP MORNING NEWS - 10/10/2023

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/10/2023

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/10/2023

ams OSRAM : Q1 2024 results in line, Q2 guidance below expectations, improving FCF trend

Savencia SA : Q1 weaker than expected. Flat organic growth

Cofinimmo : Q1 2024 results: Inline results, with a reiterated outlook. We update our model

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