Latécoère : Securing the state guaranteed loan gives the group breathing space
>Q1 2020 revenues 3% ahead of expectations --
Latécoère yesterday reported Q1 2020 revenues that came in 3% ahead of our expectations at € 149.8m (ODDO BHF: € 145.6m), down 17.9% and 15.9% organic. In detail:( The aerostructure business showed a fall of -18.8% organically to € 80.5m (ODDO BHF: € 78.6m) due to the expected reduction in volumes for the Embraer E1, Dassault 7X/8X and Airbus twin aisle aircraft. The impact of COVID-19 on the division is high at € ...
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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