Turnover: 468 million EUR (2022)
Country: France
The Latécoère group, best known for its seaplanes, of which its founder Pierre-Georges Latécoère was a particular enthusiast, was created in 1917. Latécoère marked the beginnings of the aeronautical industry. The group is headquartered in Toulouse (Montaudran), near the Toulouse - Montaudran airport.
The company is a major aeronautical subcontractor
It employs some 4,800 people
january 28, 2021 - Latécoère takes the brunt of the health crisis - source(Capital)
- Sales 2020: 413.2 million euros, down 40.9% organically on the previous year.
- Strong negative impact of the health crisis
- Sales decline in Aerostructures division (-44.5%) greater than in Interconnect Systems (-38.7%)
- This crisis does not, however, call into question the global growth of air transport, which over the next twenty years is expected to average 4% per year
News
Latécoère recapitalizes with its American shareholder 08/11/2023
- 108.2 million capital increase
- The main shareholder, the American fund Searchlight Capital, which holds 75% of the shares, has undertaken to subscribe to the entirety of this new capital increase. The fund had already injected 193 million at the time of the previous recapitalization in 2021.
- The equipment manufacturer now employs just 1,300 of its 5,900-strong workforce in France.
- This summer, Latécoère sold its Querétaro electrical wiring plant in Mexico, which it had bought from Bombardier in 2020, to Canada's Bombardier.
- Latécoère has increased its sales by 39% in 2022 to 468 million euros, still a long way from the 713 million in 2019, before Covid.
Latécoère financially restructured 13/05/2023
- Latécoère sales in 2019 (before Covid): 713 million euros
- Losses in 2022: 127 million euros
- Losses in 2021: 112 million euros
- Latécoère workforce in France: 1,300 out of 5,900 employees
Latécoère in difficulty 06/05/2023
- Latécoère's financial situation has been critical for 15 years.
- Founded in 1917 by Pierre-Georges Latécoère.
- Prestigious customers: Airbus, Boeing, Dassault.
- Specialist in aerostructures: aircraft doors and fuselage parts.
- Group debt: request for write-off by Searchlight fund, holder of 75% of capital.
Aeronautics: Latécoère to relocate its "factory of the future" activities 08/02/2023
- Latécoère: 4,800 employees
- sales of 380 million in 2021
- 109 jobs and automated machinery at montredon plant to be relocated to Czech Republic and Mexico
- The Montredon plant will not close
Financial Data
DUNS: 572050169
Legal Name: LATECOERE
Address: 135 RUE DE PERIOLE , 31500 TOULOUSE
Number of employees: Entre 500 et 999 salariés (2020)
Capital: 133 912 589 EUR
Financial Data:
| Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Turnover | 217 322 000 | 297 265 000 | 484 298 000 | 469 078 000 | 447 779 000 | 492 963 000 | 505 290 |
| Gross margin (€) | 210 899 000 | 275 271 000 | 439 134 000 | 434 468 000 | 423 235 000 | 434 037 000 | - |
| EBITDA (€) | -61 191 000 | -55 813 000 | -64 680 000 | -54 158 000 | -16 410 000 | 7 424 000 | - |
| Operating profit (€) | -81 837 000 | -90 959 000 | -79 133 000 | -54 158 000 | -32 906 000 | -2 727 000 | - |
| Net profit (€) | -81 353 000 | -183 931 000 | -24 116 000 | -14 863 000 | 32 161 000 | -39 410 000 | -8 625 |
| Turnover growth rate (%) | -26,9 | -38,6 | 3,2 | 4,8 | -9,2 | -2,4 | - |
| Ebitda margin rate (%) | -28,2 | -18,8 | -13,4 | -11,5 | -3,7 | 1,5 | - |
| Operating margin rate (%) | -37,7 | -30,6 | -16,3 | -11,5 | -7,3 | -0,6 | - |
| Working Capital (turnover days) | 280,4 | 217,1 | 176,4 | 146,6 | 150,3 | 127,3 | - |
| Working Capital requirements (turnover days) | 83,1 | 27,5 | 71,3 | 87,9 | 134,2 | 141,2 | - |
| Net margin (%) | -37,4 | -61,9 | -5 | -3,2 | 7,2 | -8 | - |
| Added value / Turnover (%) | -1 | 1,9 | -0,1 | 5,3 | 11,4 | 16,7 | - |
| Wages and social charges (€) | 60 121 000 | 59 274 000 | 62 537 000 | 60 204 000 | 63 723 000 | 70 443 000 | - |
| Salaries / Turnover (%) | 27,7 | 19,9 | 12,9 | 12,8 | 14,2 | 14,3 | - |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président du conseil d'administration | Pierre | GADONNEIX | 81 | |
| Directeur général | Thierry | MOOTZ | 61 | |
| Directeur général délégué | Grégoire | HUTTNER | 50 | |
| Administrateur | Pierre | GADONNEIX | 81 | |
| Administrateur | Ralf | ACKERMANN | 45 | |
| Administrateur | Heyoung H | LEE | 52 | |
| Administrateur | Philip | SWASH | 61 | |
| Administrateur | Caroline | JEANDEL | 69 | |
| Administrateur | Christophe | VILLEMIN | 56 | |
| Administrateur | Laurence Marie Jacqueline | MEARY | 68 | |
| Administrateur | Laure | MATIGNON | 44 |
Studies mentioning this company
The aeronautical subcontracting market - France
Other companies mentioned:
- Mecachrome Groupe
- Honeywell
- Figeac Aéro Groupe
- Latecoere
- Stelia Aerospace
- Le Piston Français
- Lisi Aerospace groupe
- Lauak
- Collins Aerospace
- Heli union
- CURTIL
- E.S.P.A.C.E
- GATTEFIN Ets
- Safran Groupe
- Zodiac Aerospace (Groupe Safran)
- INDUXIAL
- NEXTEAM Chatellerault - Ex Mecafi
- Nexteam Ventana
- ROSSI AERO
- Thales
- Sabena Technics (TAT Groupe)
- Expliseat
- Domusa Groupe
- Daher
- UUDS Aero
- Crouzet
- JVGroup - BT2i
- LFG Groupe
- Famat
- AMI Metals
The embedded systems market - France
Other companies mentioned:
- Thales
- Alstom
- Latecoere
- Arkeva
- Actia Groupe
- Safran Groupe
- Zodiac Aerospace (Groupe Safran)
- Schneider Electric
- Sopra Steria