Latecoere: Market Update
07 November 2024 - 8:30AM
Business Wire
Regulatory News:
Latecoere’s (Paris:LAT) half-year 2024 revenue reaches €349.2m
as the business continues to ramp-up production to support customer
demand, an increase of €45.4m or +14.9% over the prior year. Thanks
to this growth and despite continuing inflationary pressures, a
challenging global supply chain and a significant fire incident at
one of our plants in Mexico in February, recurring EBITDA is
brought closer to break even.
Latecoere asked for further postponement of its Annual General
Meeting. The Toulouse Commercial Court has granted this
postponement until 31 December 2024.
Further communication will follow in due time.
About Latecoere
Tier 1 to the world’s leading OEMs (Airbus, BAE Systems, Boeing,
Bombardier, Dassault Aviation, Embraer, Honda Aircraft Company,
Lockheed Martin, RTX, Thales), Latecoere serves aerospace with
innovative solutions for a sustainable world. The Group operates in
all segments of the aerospace industry (commercial, regional,
business, defense and space) in two business areas:
- Aerostructures (61% of sales): doors, fuselage, wings and
empennage, struts & rods and customer services;
- Interconnection Systems (39% of sales): wiring, avionic racks,
onboard equipment, electronic systems and customer services.
As of December 31, 2023, the Group employed 5,497 people in 14
countries. Latecoere is listed on Euronext Paris - Compartment B,
ISIN Code: FR001400JY13 - Reuters: AEP.PA - Bloomberg: AT.FP
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version on businesswire.com: https://www.businesswire.com/news/home/20241106140801/en/
Thierry Mahé / Media Relations +33 (0)6 60 69 63 85
LatecoereGroupCommunication@latecoere.aero
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