Latecoere: Universal Registration Document Release Timing and 2023 Financial Highlights Recap [Yahoo! Finance]
Embraer S.A. (ERJ)
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Source: Yahoo! Finance
Latecoere (Paris:LAT), a tier one partner to major international aircraft manufacturers, wishes to update the market on the postponement of the release of its Universal Registration document following on from the 29 th March market update. As a reminder, Latecoere's financial highlights from 2023 as published on 29 th March show strong growth in 2023 despite challenging supply chain & inflationary pressures: Strong 2023 revenue growth of +32% to €615 million as the business continues to ramp-up production to support customer demand Recurring EBITDA loss of (€31.5) million, reflecting continuing inflationary pressures and a challenging global supply chain Good performance from all businesses acquired over the past 24 months with integration efforts progressing well Successful reconfiguration of the capital structure with €124 million rights issue and €183 million debt cancellation However as a definitive view on potential non-cash intangible assets impairment has not yet b
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