Latecoere Reports FY 2024 Results

– Strong revenue growth of +13.4%, driven by the continued ramp-up of production and the execution of commercial initiatives to partially mitigate inflation.

– Recurring EBITDA of €25.7 million; a significant improvement from FY2023 loss of €(18.5) million. This reflects the operational leverage coming from volume growth, and execution of the commercial measures tackling inflation.

– Latecoere invests in its platform, people, and a resilient business model, aligning with customer needs through quality and on-time delivery.

Toulouse, March 20, 2025 – Latecoere, a Tier 1 supplier to major international aircraft manufacturers, announced that the Board of Directors approved Latecoere’s financial statements for the twelve-month period ended December 31, 2024, noting that the work on its sustainability report is still ongoing whilst not anticipating any material impacts. Therefore, Latecoere is pleased to present below its unaudited financial statements.

“If I had to sum up the daily work of Latecoere’s teams today, I would highlight three key priorities. First, as OEM volume growth accelerates across commercial, business jet, and defense markets, we are fully committed to supporting this ramp-up while tackling the associated challenges. Second, we are excited with the development and growth prospects of our customer service and after-market business. Finally, we continue to push forward in research & technology; whether it’s advancing metallic and composite materials, optical wiring, preparing for More Electric Aircraft, or embracing a digital-first approach to the design, manufacturing, and operation of aerospace products. We are determined to play a key role in shaping the future of air transport.”

– André-Hubert Roussel, Group Chief Executive Officer

Latecoere’s unaudited financial results for 2024 reflect the general increased level of production in the aeronautical sector as a whole. Revenues amounted to €705.8 million, up €83.5 million or +13.4%. The increase in revenues was driven by higher production rates from OEMs, additional revenue from new business wins and the conclusion of commercial initiatives to offset inflation.

The Group reported a recurring EBITDA for 2024 of €25.7 million, a significant improvement compared to the €(18.5) million reported in 2023. This turnaround was mainly driven by operating leverage from increased volumes, and the positive benefits coming from both operational and commercial initiatives undertaken by the Group. These positive benefits are still being offset however by continued inflationary pressures on the material cost base and ongoing supply chain disruptions during the ramp up of the operations.

Read the full financial statements, including FY 2025 outlook, here.