France's Latecoere H1 revenue rises on higher customer demand, production ramp-ups

Latecoere SA

22/09/2026 19:55

Overview
France aerospace supplier's H1 2026 revenue rose 19% organically to €431.6 mln
Recurring EBITDA fell sharply due to investments, inflation, supply chain and FX headwinds
Company posted net loss of €23.5 mln and negative cash flow on strategic investments

Outlook
Latecoere expects continued volume growth across most major programs in FY 2026
Company now forecasts lower underlying profitability and recurring EBITDA than in 2025
Latecoere anticipates a marginal decline in operating free cash flow versus prior year

Result Drivers
CUSTOMER DEMAND & RAMP-UP - Co said higher customer demand and production ramp-ups drove revenue growth
INVESTMENTS & COST PRESSURES - Co attributed recurring EBITDA decline to growth-related investments, inflation, supply chain disruptions and FX impacts
SEGMENT MIX - Interconnection Systems and Services divisions benefited from volume growth and improved commercial terms, while Aerostructures faced margin compression from ramp-up costs and FX headwinds

Company press release: ID:nBw4L8FTca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 431.60 mln
 
H1 Net Loss
 
EUR 23.50 mln
 
H1 Organic Growth
 
19%
 

Analyst Coverage
The one available analyst rating on the shares is "sell"
The average consensus recommendation for the aerospace & defense peer group is "buy."
Wall Street's median 12-month price target for Latecoere SA is €0.01, about 26.7% below its September 22 closing price of €0.02

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)