Zodiac Aerospace : Q3 2016/2017 sales revenues
(Thomson Reuters ONE) -
Q3 2016/2017 sales revenues
Plaisir, June 14, 2017 - Zodiac Aerospace reported sales of ?3,789.3m for the
first 9 months of its fiscal year 2016/2017; -1.4% on a reported basis. Foreign
exchange rates had a 1.4 point impact on growth rate over the period, offsetting
part of the -2.8% organic decrease.
Revenue for the first nine months of the 2016/2017 fiscal year
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Fiscal Fiscal
In millions of year year % Exchange Consolidation Organic
euros change rate scope growth
2016/2017 2015/2016
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Aerosystems
Activities 1,616.8 1,570.3 +3.0% +1.3% +0.0% +1.7%
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Aircraft
Interiors
Activities 2,172.5 2,271.5 -4.4% +1.5% +0.0% -5.9%
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Zodiac Seats 943.6 1,027.2 -8.1% +0.2% +0.0% -8.3%
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Zodiac Cabin 1,228.9 1,244.3 -1.2% +2.7% +0.0% -3.9%
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Group Total 3,789.3 3,841.8 -1.4% +1.4% +0.0% -2.8%
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?/$
(conversion) 1.08 1.11
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Revenue for the third quarter of the 2016/2017 fiscal year
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3rd 3rd
In millions of quarter quarter % Exchange Consolidation Organic
euros change rate scope growth
2016/2017 2015/2016
-------------------------------------------------------------------------------
Aerosystems
Activities 585.9 549.6 +6.6% +1.9% +0.0% +4.7%
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Aircraft
Interiors
Activities 756.4 803.1 -5.8% +2.8% +0.0% -8.6%
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Zodiac Seats 336.2 385.6 -12.8% +1.7% +0.0% -14.5%
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Zodiac Cabin 420.2 417.5 +0.7% +3.6% -0.0% -3.0%
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Group Total 1,342.3 1,352.7 -0.8% +2.4% -0.0% -3.2%
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?/$
(conversion) 1.08 1.13
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Aerosystems[1] activities (42.7% of total revenue) sales for the first 9 months
amounted to ?1,616.8m up by +3.0% on a reported basis and +1.7% on a like-for-
like basis, excluding a positive 1.3 percentage point impact from foreign
exchange rates.
Aerosystems is evolving in line with its pattern of a strong dissymmetry between
first and second half, as previously communicated. Q3 sales were up 6.6% on a
reported basis and 4.7% on a like-for-like basis. This growth was mainly coming
from IFEC[2], Arresting Systems and Telemetry. Expected growth for the second
half is supported by a robust backlog.
Aircraft Interiors activities (57.3% of total revenue) sales amounted to
?2,172.5m combining a positive 1.5 point forex impact and a -5.9% organic
growth, resulting in a -4.4% change over the first 9 month of the fiscal year
2016/2017.
The Cabin branch reported a -3.9% organic decrease of its sales
on the back of a mix effect whereby new programs (currently ramping-up) are
progressively substituting mature programs. Adding a 2.7 points positive forex
impact, sales decreased by -1.2% to ?1,228.9m. The Group's progress regarding on
time and on quality deliveries, in particular for the A350XWB Lavatories
program, is in line with planned milestones given on April 28(th), 2017 in the
H1 results presentation.
The Seats branch reported ?943.6m sales in the first 9 months,
-8.1% compared to 9M 2015/2016 and breaking up into a positive 0.2 point foreign
exchange impact and a -8.3% organic decrease, reflecting some industrial issues
which generated significant disruptions and delays that are currently being
addressed. Indeed issues resolution in the UK (Cwmbran) is moving forward
according to plan.
The Group enjoyed new commercial successes. In particular, the new Optima
Business Class seat, revealed during the Aircraft Interiors show last April and
currently deployed within United Airlines fleet as under the Polaris design, has
been selected by Air France for its new A350XWB and for the retrofit of its
B777-300ER COI. Air France also selected the Z300 Economy class seat, which
equips its entire "BEST" fleet, as well as the RAVE IFE system developed by
Zodiac Inflight Innovation.
Governance
The Supervisory Board appointed at its meeting of June 5, 2017:
* Yann Delabrière as Chairman of the Executive Board of Zodiac Aerospace,
effective June 16, 2017, succeeding to Olivier Zarrouati.
* Didier Fontaine to the Executive Board, replacing Benoît Ribadeau-Dumas
called to serve as chief-of-staff for the French Prime Minister. This has
been effective since June 6, 2017. He remains Administration and Finance
Director of Zodiac Aerospace.
Furthermore:
* TK Kallenbach has been appointed as CEO of Zodiac Aerosystems succeeding to
Benoît Ribadeau-Dumas. He was previously CEO of the Entertainment and Seat
Technology Division.
Outlook
Zodiac Aerospace is progressing in line with its recovery scenario. The Group is
improving its operations, especially regarding on time and on quality
deliveries, in line with milestones described on April 28(th). Zodiac Aerospace
confirms guidance for FY 2016/2017 and its long term outlook.
The contemplated combination with Safran is progressing as per the new agenda
announced on May 23. Both companies will update the market as soon as there is
any significant development.
For 2016/2017, Zodiac Aerospace has hedged 95% of estimated EUR/USD exposure at
1.1157$/? (spot rate), 100% of USD/CAD, 100% of USD/GBP, 95% of USD/MXN and 80%
of USD/THB exposure.
For 2017/2018, Zodiac Aerospace has hedged 69% of its estimated EUR/USD exposure
at 1.0703$/? (spot rate).
NB : This revenues publication will be commented on an analysts & press
conference call on June, 14(th), 2017 at 6:00pm CET and broadcasted via our
website www.zodiaaerospace.com. A replay will also be available on the Group
website as well as the presentation slideshow and press release.
About Zodiac Aerospace
Zodiac Aerospace is a world leader in aerospace equipment and systems for
commercial, regional and business aircraft and for helicopters and spacecraft.
It develops and manufactures state-of-the-art solutions to improve comfort and
facilities on board aircraft and high-technology systems to increase aircraft
performance and flight safety. Zodiac Aerospace has 35,000 employees worldwide
and generated revenue of ?5.2bn in 2015/2016. www.zodiacaerospace.com
--------------------------------------------------------------------------------
Next Q4 2016/2017 sales revenues September 13, 2017 (after
meetings: FY 2016/2017 results stock exchange closing)
October 31, 2017 (before stock
exchange opening)
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ZODIAC AEROSPACE CONTACTS MEDIA/PRESS CONTACTS - IMAGE 7
Pierre-Antony VASTRA
Tel: +33 (0)1 61 34 25 68 Priscille RENEAUME
Florent DEFRETIN Tel: +33 (0) 1 53 70 74 61 /
Tel: +33 (0) 1 61 34 03 34 Upreneaume(at)image7.frU
Grégoire LUCAS
Isabelle DELHOM (Investors meetings) Tel: +33 (0) 1 53 70 74 61 /
Tel : +33 (0)1 61 34 19 86 Uglucas(at)image7.frU
investisseurs(at)zodiacAerospace.com
61, rue Pierre Curie -
CS20001 - 78373 PLAISIR CEDEX
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Consolidated revenue by quarter
APPENDICES
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In millions of 1st quarter 2nd quarter 3rd quarter 4th quarter
euros 2016/2017 2016/2017 2016/2017 2016/2017
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Aerosystems
Activities 477.3 553.6 585.9
Aircraft
Interiors
Activities 724.6 691.5 756.4
Zodiac Seats 306.5 300.9 336.2
Zodiac Cabin 418.1 390.6 420.2
Group Total 1,201.9 1,245.1 1,342.3
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?/$ conversion 1.10 1.06 1.08
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In millions of 1st quarter 2nd quarter 3rd quarter 4th quarter
euros 2015/2016 2015/2016 2015/2016 2015/2016
-------------------------------------------------------------------------------
Aerosystems
Activities 505.9 514.7 549.6 590.4
Aircraft
Interiors
Activities 732.0 736.4 803.1 776.0
Zodiac Seats 320.8 320.8 385.6 360.6
Zodiac Cabin 411.2 415.6 417.5 415.4
Group Total 1,237.9 1,251.1 1,352.7 1,366.4
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?/$ conversion 1.11 1.09 1.13 1.12
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CHANGES
(Quarter compared with the same quarter of the previous year)
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Based on reported data Q1 Q2 Q3 Q4
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Aerosystems Activities -5.7% +7.6% +6.6%
Aircraft Interiors Activities -1.0% -6.1% -5.8%
Zodiac Seats -4.4% -6.2% -12.8%
Zodiac Cabin +1.7% -6.0% +0.7%
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Group Total -2.9% -0.5% -0.8%
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Aerospace activities * -2.3% +0.0% -0.8%
--------------------------------------------------------------
--------------------------------------------------------------
Based on organic revenue Q1 Q2 Q3 Q4
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Aerosystems Activities -6.0% +6.1% +4.7%
Aircraft Interiors Activities -0.5% -8.3% -8.6%
Zodiac Seats -1.9% -7.2% -14.5%
Zodiac Cabin +0.6% -9.2% -3.0%
--------------------------------------------------------------
Group Total -2.8% -2.4% -3.2%
--------------------------------------------------------------
Aerospace activities * -2.1% -1.8% -3.3%
--------------------------------------------------------------
Cumulative consolidated revenue
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In millions of 1st quarter 1st half 9 months Full year
euros 2016/2017 2016/2017 2016/2017 2016/2017
-------------------------------------------------------------------------------
Aerosystems
Activities 477.3 1,030.9 1,616.8
Aircraft
Interiors
Activities 724.6 1,416.1 2,172.5
Zodiac Seats 306.5 607.4 943.6
Zodiac Cabin 418.1 808.7 1,228.9
Group Total 1,201.9 2,447.0 3,789.3
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?/$ conversion 1.10 1.08 1.08
?/$ transaction 1.11 1.10 1.10
-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
In millions of 1st quarter 1st half 9 months Full year
euros 2015/2016 2015/2016 2015/2016 2015/2016
-------------------------------------------------------------------------------
Aerosystems
Activities 505.9 1,020.7 1,570.3 2,160.6
Aircraft
Interiors
Activities 732.0 1,468.4 2,271.5 3,047.6
Zodiac Seats 320.8 641.6 1,027.2 1,387.9
Zodiac Cabin 411.2 826.8 1,244.3 1,659.7
Group Total 1,237.9 2,489.1 3,841.8 5,208.2
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?/$ conversion 1.11 1.10 1.11 1.11
?/$ transaction 1.12 1.11 1.11 1.11
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CHANGES 2014/2015
(Aggregate at end of period compared with the same period of last year)
----------------------------------------------------------------------
Based on reported data 1st quarter 1st half 9 months Full year
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Aerosystems Activities -5.7% +1.0% +3.0%
Aircraft Interiors Activities -1.0% -3.6% -4.4%
Zodiac Seats -4.4% -5.3% -8.1%
Zodiac Cabin +1.7% -2.2% -1.2%
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Group Total -2.9% -1.7% -1.4%
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Aerospace activities * -2.3% -1.2% -1.0%
----------------------------------------------------------------------
----------------------------------------------------------------------
Based on organic revenue 1st quarter 1st half 9 months Full year
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Aerosystems Activities -6.0% +0.1% +1.7%
Aircraft Interiors Activities -0.5% -4.4% -5.9%
Zodiac Seats -1.9% -4.6% -8.3%
Zodiac Cabin +0.6% -4.3% -3.9%
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Group Total -2.8% -2.6% -2.8%
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Aerospace activities * -2.1% -2.0% -2.4%
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*Excluding Trains and Airbags businesses
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[1] Including Entertainment & Seats Technology division as of September
1(st), 2016. This division was previously integrated in the Cabin branch, within
the Aircraft Interiors activities. The 2015/2016 and 2016/2017 figures have been
restated to reflect this change.
[2] In-Flight Entertainment & Connectivity
Download the PR in pdf:
http://hugin.info/143758/R/2113314/803921.pdf
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Zodiac Aerospace via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2017 - 17:41 Uhr
Sprache: Deutsch
News-ID 547970
Anzahl Zeichen: 19268
contact information:
Town:
Plaisir
Kategorie:
Business News
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