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Latecoere SA (LAEP.PA)

LAEP.PA on Paris Stock Exchange

3.83EUR
23 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Searchlight Capital Partners Announces Intention To Launch Cash Tender Offer On Latécoère At EUR 3.85 Per Latécoère Share
Friday, 28 Jun 2019 

June 28 (Reuters) - Searchlight Capital Partners::SEARCHLIGHT CAPITAL PARTNERS ANNOUNCES ITS INTENTION TO LAUNCH A FRIENDLY CASH TENDER OFFER ON LATÉCOÈRE AT A PRICE OF €3.85 PER LATÉCOÈRE SHARE.SEARCHLIGHT CAPITAL PARTNERS ANNOUNCES ITS INTENTION TO LAUNCH A FRIENDLY CASH TENDER OFFER ON LATÉCOÈRE AT A PRICE OF EUR 3.85 PER LATÉCOÈRE SHARE.SEARCHLIGHT CAPITAL PARTNERS - CURRENTLY HOLDS CIRCA 26% OF SHARE CAPITAL AND VOTING RIGHTS OF LATÉCOÈRE.SEARCHLIGHT CAPITAL - TO IMPLEMENT SQUEEZE-OUT PROCEDURE AT OUTCOME OF ITS TENDER OFFER FOR LATÉCOÈRE IF LEGAL, STATUTORY CONDITIONS ARE FULFILLED.SEARCHLIGHT CAPITAL PARTNERS - TENDER OFFER ON LATÉCOÈRE AT EUR 3.85 PER LATÉCOÈRE SHARE WOULD BE FILED WITH FRENCH FINANCIAL MARKET AUTHORITY IN Q3.SEARCHLIGHT CAPITAL - EXPRESSES "ITS FULL SUPPORT" IN MANAGEMENT TEAM OF LATÉCOÈRE AND IN COMPANY'S STRATEGY.  Full Article

Latecoere Confirms 2019 Outlook
Wednesday, 6 Mar 2019 

March 6 (Reuters) - LATECOERE ::THE 2019 OUTLOOK IS CONFIRMED.FY RECURRING OPERATING PROFIT EUR 28.0 MILLION VERSUS EUR 51.9 (RESTATED) MILLION YEAR AGO.FY NET RESULT EUR 6.0 MILLION VERSUS EUR 33.8 MILLION YEAR AGO.GROUP’S 2018 OPERATING FREE CASH FLOW WAS € (35.2) MILLION.FY CURRENT EBITDA EUR 54.5 MILLION VERSUS EUR 78.4 MILLION(RESTATED) YEAR AGO.CO MADE SIGNIFICANT STEPS TOWARDS THE FULFILMENT OF ITS TRANSFORMATION 2020 PLAN BY FINALISING SEVERAL KEY MILESTONES IN FRANCE, INDIA AND BULGARIA.TRANSFORMATION 2020 UPDATE: EXPANSION OF THE BULGARIAN SITE HAS BEEN CONFIRMED AND WILL BE COMPLETED IN 2019..THE IMPACT OF THE A380 PROGRAM TERMINATION HAS BEEN RECOGNISED IN THE 2018 FINANCIAL RESULTS.FOLLOWING AIRBUS’ ANNOUNCEMENT TO DISCONTINUE A380 PRODUCTION IN 2021, EUR 12.6 MLN NON-CASH LOSS IMPACTED CO'S 2018 OPERATING INCOME.ON A380: A EUR 16.7 MLN FINANCIAL PROFIT RELATED TO REFUNDABLE ADVANCES WAS RECOGNIZED IN 2018.SIGNIFICANT INVESTMENTS IN ITS OPERATIONS WILL CONTINUE IN 2019.OPERATIONAL ISSUES CREATED BY NEEDING TO QUICKLY REPLACE MAJOR SUPPLIER WERE OVERCOME IN Q4 2018.  Full Article

Latécoère FY 2018 Revenue Increases to 659.2 Million Euros
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - LATECOERE SA ::LATÉCOÈRE ANNOUNCES 2018 REVENUES OF € 659.2 MILLION, UP 3.1% LIKE-FOR-LIKE.AS OF DECEMBER 31, 2018, REVENUES OF LATÉCOÈRE AMOUNTED TO EUR 659.2 MILLION, UP +0.3% COMPARED TO 2017 AND +3.1% AT CONSTANT EXCHANGE RATES.Q4 REVENUE GREW BY +17.3% TO EUR 188.7 MILLION..LATÉCOÈRE CONFIRMS ITS OUTLOOK.IN 2019 GROUP WILL GENERATE A POSITIVE RECURRING OPERATING MARGIN AND A NEGATIVE OPERATING FREE CASH FLOW..  Full Article

Aircraft equipment manufacturer Latecoere wins new Boeing contract
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Latecoere SA ::* Latécoère wins new contract with Boeing to supply KC-46A tanker aft access doors.* The first door under this contract will be delivered in early 2020 and deliveries will continue until the end of the decade, with a production rate of about fifteen aircraft per year..* Parts will be manufactured at Latécoère’s Toulouse Montredon Factory 4.0 which opened in May 2018, while assembly will take place at the Group’s North American Door Centre of Excellence in Hermosillo, Mexico.  Full Article

Latecoere Expects To Deliver Significant Organic Revenue Growth in 2019
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - LATECOERE SA ::ADJUSTS ITS OUTLOOK FOR 2019.FASTER THAN EXPECTED REVENUE GROWTH IN INTERCONNECTION SYSTEMS WILL DRIVE THE GROUP’S ORGANIC GROWTH IN 2019.GROUP'S 2019 RECURRING OPERATING MARGIN WILL REFLECT:* ADDITIONAL INTERCONNECTION SYSTEMS START-UP COSTS AND INVESTMENTS TO SUPPORT GROWTH.BUSINESS WINS RECORDED BY LATÉCOÈRE'S INTERCONNECTION SYSTEMS DIVISION IN 2018 WILL REQUIRE NEW START-UP COSTS.SEIZING OPPORTUNITIES WILL GROW OUR MARKET SHARE BUT WILL IMPACT DIVISION'S PROFITABILITY IN 2019.LATÉCOÈRE’S PREVIOUS EXPECTATIONS REMAIN VALID FOR 2018.GROUP'S 2019 RECURRING OPERATING MARGIN TO REFLECT: DETERIORATING AEROSTRUCTURES PRODUCT MIX AND DELAYED BENEFIT OF INSOURCING OF PRIMARY PARTS.IN 2018 GROUP REVENUE TO BE IN LINE WITH 2017 EXCLUDING CURRENCY EFFECTS, AND H2 RECURRING MARGIN TO BE BETTER THAN H1.WE REMAIN TOTALLY FOCUSED ON EXECUTING OUR TRANSFORMATION 2020 PLAN.IN 2019, LATÉCOÈRE NOW EXPECTS TO DELIVER SIGNIFICANT ORGANIC REVENUE GROWTH EXCLUDING CURRENCY EFFECTS..IS CONFIDENT THAT 2018 NEW CONTRACTS WILL BECOME MARGIN ACCRETIVE FROM 2020 ONWARDS.SOME OF COST REDUCTIONS ORIGINALLY PLANNED IN 2019 WILL OCCUR ONE YEAR LATER.  Full Article

Latecoere Q3 Total Revenue Up At 149.8 Million Euros
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - LATECOERE SA ::SEES FULL-YEAR REVENUES IN LINE WITH THE PREVIOUS YEAR (EXCLUDING CURRENCY EFFECTS).Q3 TOTAL REVENUE EUR 149.8 MILLION VERSUS EUR 146.1 (RESTATED) MILLION YEAR AGO.  Full Article

Latecoere H1 Recurring EBITDA Down At 20.9 Million Euros
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - LATECOERE SA ::H1 TOTAL REVENUES EUR 320.8 MILLION VERSUS RESTATED EUR 350.4 MILLION YEAR AGO.H1 RECURRING EBITDA EUR 20.9 MILLION VERSUS EUR 46.5 MILLION YEAR AGO.H1 NET RESULT EUR 2.8 MILLION VERSUS RESTATED EUR 38.5 MILLION YEAR AGO.EXPECTS IMPROVEMENT IN FREE CASH FLOW AND OPERATING MARGIN IN H2 2018.IN 2019, INTENSIFICATION OF COST REDUCTION EFFORTS IS EXPECTED TO RESTORE LEVEL OF OPERATING PROFIT IN LINE WITH 2017.IN 2019 BELIEVES OPERATING RESULT WILL BE IN LINE WITH 2017'S.  Full Article

Latecoere H1 Total Revenues Down At EUR 320.8 Million
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Latecoere SA ::H1 TOTAL REVENUES EUR 320.8 MILLION VERSUS EUR 350.4 MILLION YEAR AGO.ANTICIPATES A SLIGHT ORGANIC GROWTH FOR 2018.FOR 2019 EXPECTS RETURN TO LEVELS OF OPERATING INCOME AND FCF (BEFORE CAPEX) IN LINE WITH THOSE OF 2017.  Full Article

Latecoere Wins Contract With Turkish Airlines
Tuesday, 17 Jul 2018 

July 17 (Reuters) - LATECOERE SA ::NEW CONTRACT WITH TURKISH AIRLINES.TURKISH AIRLINES HAS SELECTED LATÉCOÈRE INTERCONNECTION SYSTEMS IN ORDER TO TO EQUIP ITS FLEET OF BOEING 787 HIGH DEFINITION LANDSCAPE CAMERAS.  Full Article

Latecoere Announces Q1 Revenue At 156.3 Million Euros
Tuesday, 24 Apr 2018 

April 24 (Reuters) - LATECOERE SA ::EUR 156.3 MILLION IN REVENUE FOR FIRST THREE MONTHS OF YEAR.CONFIRMATION OF 2018 REVENUE OUTLOOK.  Full Article

Aerospace firm Latecoere appoints advisor to examine Searchlight's bid

PARIS Latecoere said it had appointed financial advisory company Finexsi to study a 365 million euro (£330 million) takeover offer for the French aerospace company from Searchlight Capital.