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Zodiac Aerospace reaffirms growth outlook for FY2011/12, 90% hedged against transaction exposure

12-Jan-2012 10:05 AM

Zodiac Aerospace CEO Olivier Zarrouati confirmed (11-Jan-2012) the growth outlook for the company for the current fiscal year. Mr Zarrouati said Zodiac Aerospace would benefit from organic growth of its business and the consolidation impact of new acquisitions, as well as more favourable exchange rate. Zodiac Aerospace hedged 90% of its net budgeted transaction exposure for FY2011/12 at EUR1.33 and 25% of the 2012/13 exposure at EUR1.274.