Regulatory News:
Latecoere (Paris:LAT), a tier one partner to major international aircraft manufacturers, wishes to update the market on the postponement of the previously scheduled shareholders meeting due to be held on 28th June 2024.
Given the continuing challenging operating environment, with persistent inflationary pressures, challenges arising from a constrained aerospace supply chain, and ongoing OEM price negotiations progressing on a more protracted basis than originally anticipated, the Company is unable to form a definitive view on potential non-cash intangible assets impairment and consequently the annual results are not yet approved by the Board of Directors.
Therefore, Latecoere will request to the Toulouse Commercial Court to postpone its scheduled shareholders meeting due to be held on 28 June 2024. Latecoere will update the market in due course as greater clarity, specifically on customer pricing, is forthcoming.
About Latecoere
Tier 1 to the world's leading OEMs (Airbus, BAE Systems, Boeing, Bombardier, Dassault Aviation, Embraer, Honda Aircraft Company, Lockheed Martin, RTX, Thales), Latecoere serves aerospace with innovative solutions for a sustainable world. The Group operates in all segments of the aerospace industry (commercial, regional, business, defense and space) in two business areas:
- Aerostructures (61% of sales): doors, fuselage, wings and empennage, struts rods and customer services;
- Interconnection Systems (39% of sales): wiring, avionic racks, onboard equipment, electronic systems and customer services.
As of December 31, 2023, the Group employed 5,497 people in 14 countries. Latecoere is listed on Euronext Paris Compartment B, ISIN Code: FR001400JY13 Reuters: AEP.PA Bloomberg: AT.FP
View source version on businesswire.com: https://www.businesswire.com/news/home/20240524667654/en/
Contacts:
Thierry Mahé Media Relations
+33 (0)6 60 69 63 85
LatecoereGroupCommunication@latecoere.aero
