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Latécoère (LAT) investor relations material

Latécoère H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary24 Sep, 2025

Executive summary

  • Revenue grew by 6.4% year-over-year to €374.6M, driven by higher OEM demand, new contracts, and value creation initiatives launched in 2024.

  • EBITDA improved significantly to €22.3M from a loss of €1.8M in H1 2024, reflecting operational leverage, cost control, and commercial initiatives.

  • Net result improved to a loss of €6.8M versus a loss of €49.9M in H1 2024, despite ongoing inflation and supply chain challenges.

  • The group finalized the sale of its MADES subsidiary to refocus on core aerostructures and interconnection activities.

  • Continued investment in platform, workforce, and business model resilience to align with customer needs.

Financial highlights

  • Revenue: €374.6M (+6.4% year-over-year); EBITDA: €22.3M (vs. -€1.8M); Net result: -€6.8M (vs. -€49.9M).

  • Free cash flow from continuing operations: -€0.4M; Net debt: €182M; Cash and equivalents: €42.4M at June 2025.

  • Financial net result: -€16.3M, impacted by interest on loans and FX losses.

  • Net debt reduced to €182M from €201M at June 2024.

  • Operating free cash flow improved from -€40.9M to -€0.4M.

Outlook and guidance

  • Inflation and supply chain constraints expected to persist through 2025.

  • Full-year growth in volumes and EBITDA anticipated, with operational improvements and cost savings offsetting inflation.

  • Positive free cash flow expected, supported by efficiency gains and restructuring.

  • Expects further improvements in profitability and cash flow in H2 2025, driven by volume growth and operational efficiency.

  • Well positioned to capitalize on strong demand in civil, military, and space markets.

Which cost saving programs drive H2 EBITDA?
Interconnection Systems revenue growth outlook?
Detail H2 2025 strategic investments.
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