Latécoère : On track for a change to the capital structure risky for minorities
>A disappointing FY 2022 - Latécoère finished FY 2022 with disappointing adjusted EBITDA at -€ 8.5m vs our estimate of -€ 1.8m, for sales which nonetheless posted organic growth of 16.5% at € 468.4m (excluding the ongoing divestment of the wiring business located in Querétaro, the divestment of which is planned for 2023) driven by the production ramp-up for the A320 and Embraer as well as the interconnection of the A350. Excluding forex effects of +€ 10.6m, the drop ...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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