Latécoère : FCF still under pressure in H1 2022 in unfavourable inflationary environment
>Adjusted EBITA recovery in line with our expectations in H1 … - Latécoère yesterday evening reported H1 2022 results broadly in line with our expectations for underlying EBITDA, with -€ 6.9m (+€ 6.1m vs H1 2021), thanks to: i/ organic growth of 18.8% driven by an acceleration in the production rate for the A320 (visible in aerostructures and interconnexion) and Embraer, ii/ a favourable forex effect of € 5.1m (vs € 14.1m at the sales level with hedging of the net exp...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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