Latécoère : Not much improvement expected in 2021
>2020 hard hit by sharply lower production rates - In light of Latécoère’s full-year revenues which missed our expectations and despite the contribution from the short-time working mechanisms, we have lowered our estimates and now expect an EBITDA loss of € 41.2m vs a profit of € 26.2m before. With revenues down 40.7% in the year on an organic basis, Latécoère did not see the slight improvement at the year-end that we expected (organic revenue decline of 41.9%e in Q3 ...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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