24-Nov-2010 11:10 AM

Zodiac Aerospace revenue down 2.5% in FY2010

Zodiac Aerospace revenue down 2.5% - financial highlights for the 12 months ended 31-Aug-2010:

  • Revenue: EUR2150 million, -2.5% year-on-year;
    • AeroSafety and Technology: EUR509.2 million, +0.6%;
    • Aircraft Systems: EUR481.1 million, -14.7%;
    • Cabin Interiors: EUR1160 million, +2.2%;
  • Current operating profit: EUR240.4 million, -3.6%;
    • AeroSafety and Technology: EUR63.3 million, +6.0%;
    • Aircraft Systems: EUR36.7 million, -48.9%;
    • Cabin Interiors: EUR143.9 million, +22.4%;
  • Net profit: EUR148.3 million, -14.2%;
  • Total assets: EUR2798 million, +9.3%;
  • Cash and cash equivalents: EUR164.7 million, +61.6%;
  • Net debt: EUR514.4 million, -21.4%. [more]

Zodiac Aerospace: “Thanks to the strengthening of its positions, through organic growth or recent acquisitions, and with a flexible financial structure, the group is ideally positioned to benefit from the impending recovery of current aircraft programmes and the ramp-up of new programmes. Zodiac Aerospace intends to pursue its successful strategy combining organic and external growth, while maintaining its constant focus on improving profitability,” Olivier Zarrouati, Chairman. Source: Zodiac Aerospace, 23-Nov-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More