Latécoère : Cash burn showing no sign of slowing
>Slightly faster organic growth in H1 2023 - Latécoère reported H1 2023 figures showing a slight acceleration in organic sales growth to 15.2%, at € 303.8m (+43% reported) vs 14.2% in H2 2022. This growth mainly reflects an increase in the production rate combined with scope effects (€ 58.6m with Mades, Avcorp and the Figeac site at Hermosillo) and slightly favourable forex effect (+€ 1.9m). In detail, sales at the aerostructure and interconnection systems divisions g...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.
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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