Report
Antoine Boivin-Champeaux ...
  • Fatma Ayachi
  • Yan Derocles

Latécoère : Q3 2019 revenue 5% above expectations but aerostructure to penalise Q4

>Q3 2019 revenue beats expectations by 5% - Latécoère yesterday evening reported Q3 2019 revenue that was 5.1% above our expectations at € 162m (ODDO BHF: € 154.2m), up 8.1%. On an organic basis, revenue grew by 6.1%, driven by good momentum in Interconnection Systems (+9.6% lfl).In detail:The Aerostructure division posted organic growth of 3.5% to € 91.6m (ODDO BHF: € 84.7m), driven by the increase in deliveries of Boeing programmes. The Interconnect...
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

Fatma Ayachi

Yan Derocles

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