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Zodiac Aerospace SA (ZODC.PA)

ZODC.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Safran Files Proposed Takeover Bid On Shares Of Zodiac Aerospace - AMF
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - AMF::SAFRAN <<>> FILED PROPOSED TAKEOVER BID ON SHARES OF ZODIAC AEROSPACE <<>> AT PRICE OF EUR 25 PER ZODIAC SHARE‍​.  Full Article

Zodiac Aerospace FY current operating income down at 217.6 million euros
Monday, 30 Oct 2017 

Oct 30 (Reuters) - ZODIAC AEROSPACE ::FY NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS OF PARENT EUR 73.4‍​ MILLION VERSUS EUR 108.1 MILLION YEAR AGO.CURRENT OPERATING INCOME (COI) STANDS AT €217.6M FOR THE FISCAL YEAR, AT THE HIGH END OF THE €200M-€220M TARGET FOR 2016/2017.‍​.‍EXPECTS A SLIGHT DROP IN ITS SALES FOR 2017-2018​.CASH GENERATION HAS IMPROVED TO €249M OVER THE FISCAL YEAR‍​.‍CURRENT OPERATING INCOME IS EXPECTED TO GROW SHARPLY IN 2017-2018​.IN 2017/2018 SEES A SHARP INCREASE IN COI AND CASH GENERATION WHICH SHOULD REMAIN STRONG.CURRENT OPERATING INCOME (COI) FOR THE FISCAL YEAR STANDS AT €217.6M, DOWN -19.3%‍​.IN 2017/2018 WILL CONTINUE AND ACCELERATE, WHENEVER POSSIBLE, ITS INDUSTRIAL RECOVERY AND TRANSFORMATION‍​.  Full Article

Airbus says any loss on A380 would not have big group impact
Wednesday, 13 Jul 2016 

Airbus chief Bregier: says may not break even on A380 at 12 deliveries a year, but can reduce fixed costs by reorganising teams . says profit or loss on A380 at 12 deliveries a year would not be material for airbus . says decided to put on hold A380neo version for some years, can't count on it to get additional orders for now . says may be able to lift production of a380 again in future as airport congestion grows . says expects will get U.S. export licences needed for sale of jets to Iran soon . says vast majority of suppliers are taking appropriate action to handle increases in production . says Zodiac Aerospace on right track on business class seats for A350, but not for lavatories . says more customers asking for earlier deliveries than asking for postponements . says would not make sense for now to produce more than 60 single aisle jets a month . says hopes Bombardier will no longer practise 'dumping' to win orders Further company coverage: [AIR.PA] (Reporting by Tim Hepher) ((Mark.R.Potter@thomsonreuters.com;)).  Full Article

Zodiac Aerospace says main family shareholders sign collective retention agreement
Wednesday, 22 Jun 2016 

Zodiac Aerospace SA : Main family shareholders of the Zodiac Aerospace Company have on June 20, completed and registered with the French Tax Authority a collective retention agreement . Collective retention agreement of main family shareholders to run for two years with possible renewal in 12-month periods .Shares subject to aforementioned agreement currently represent around 23 pct of capital and 34 pct of gross total voting rights.  Full Article

Zodiac Aerospace 9M sales up 5.9 pct to 3.84 billion euros
Tuesday, 14 Jun 2016 

Zodiac Aerospace : 9 month sales increase 5.9 pct to 3.84 billion euros ($4.31 billion); +0.4 pct like-for-like . +4.4 pct organic growth in Q3 2015/2016 . Maintains its 2015/2016 guidance for the full year of a current operating income close to the one of FY 2014/15 . The group also confirms its other guidance. The banking covenant should be respected .Both Zodiac Seats and Zodiac Cabin confirm objective to get back to operational performance in Seats and Cabin in 18 months, starting from announcement in March 2016.  Full Article

Zodiac Aerospace confirms FY 2016/2016 guidance
Wednesday, 20 Apr 2016 

Zodiac Aerospace SA:For FY 2015/2016, group confirms its target for its current operating income to come in close to that of FY 2014/2015.  Full Article

Zodiac Aerospace gives 2015/16 operating income guidance
Tuesday, 15 Mar 2016 

Zodiac Aerospace SA:Says current operating income for 2015/2016 financial year to come in close to 2014/2015 operating income.  Full Article

Zodiac Aerospace updates on FY 2015/16 deployment of transformation and recovery plan
Wednesday, 24 Feb 2016 

Zodiac Aerospace SA:Announces update on deployment of transformation and recovery plan with ‍sliding of FY 2015/16 financial target​.Says while the objectives are maintained, the recovery will spread out on a duration longer than initially planned.In the short term, this results in excess cost remaining at a high level.Banking covenant ratio (adjusted net debt/EBITDA), calculated at end of fiscal year, should be respected.  Full Article

EU mergers and takeovers (Dec 11)

BRUSSELS, Dec 11 The following are mergers under review by the European Commission and a brief guide to the EU merger process: