Brief: Latecoere H1 Recurring EBITDA Up At 28.1 Million Euros

Latecoere SA

04/09/2019 06:14

Sept 4 (Reuters) - LATECOERE SA  LAEP.PA :
    * LATÉCOÈRE’S H1 2019 RESULTS REFLECT THE IMPROVING
UNDERLYING
BUSINESS AND START-UP COST REQUIREMENTS
    * 2019 GUIDANCE UNCHANGED
    * H1 REVENUES EUR 371.7 MILLION VERSUS EUR 320.8 MILLION
YEAR AGO
    * H1 RECURRING EBITDA EUR 28.1 MILLION VERSUS EUR 20.9
MILLION
YEAR AGO
    * H1 NET LOSS EUR 5.9 MILLION VERSUS PROFIT OF EUR 2.8
MILLION
YEAR AGO
    * MONTREDON PLANT: DELIVERY OF BUILDING EXTENSION PLANNED
FOR SEPT
6, 2019, RAMP-UP OF PRODUCTION OF SURFACE TREATMENT IN Q1 2020
    * WILL FORMALLY OPEN ITS NEW SITE IN BELAGAVI, INDIA, ON
SEPTEMBER
10(TH), 2019
    * DIVISION'S OPERATING MARGIN SHOULD IMPROVE FROM 2021
ONWARDS
    * OVERALL, LATÉCOÈRE IS ANTICIPATING DELIVERING POSITIVE
GROUP
OPERATING FREE CASH FLOW FROM 2020

Source text for Eikon:  ID:nBw2yVDMJa 
Further company coverage:  LAEP.PA 

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