Latecoere: strong H2 recovery lifts shares

Latecoere SA

06/03/2019 08:19

** Shares in Airbus and Boeing supplier, Latecoere
 LAEP.PA , up 8% after results show strong recovery in H2
    ** Co posts rec EBITDA of EUR 54.5 mln; confirms 2019
outlook  urn:newsml:reuters.com:*:nL5N20T0NL
    ** Results "are globally above expectations, particularly at
the current EBITDA level," Midcap Partner says 
    ** Brokerage adds recovery in H2 was stronger-than-expected
    ** Midcap maintains "buy", saying "current low prices
providing an opportunity to build a position to play on the
group's already well underway recovery"
    ** Stock touches highest point in 4 mths, sitting on top of
Euronext Next 150 index  .N150 
    

 (piotr.lipinski@tr.com)