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.