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Latecoere SA
135 rue de Periole - BP 25211
Toulouse cedex 5
Phone: +33 561587700p:+33 561587700 TOULOUSE, 31079  France Ticker: LATLAT
On June 9, 2023, Latecoere SA filed a petition with the Toulouse Commercial Court seeking approval of a conciliation agreement signed on June 8, 2023 with its shareholder SCP SKN Holding I S.A.S, its lenders Arkea Banque Entreprises et Institutionnels, Bpifrance SA, Banque CIC Sud Ouest, Credit Lyonnais SA, Goldman Sachs Bank Europe SE, Societe Generale SA, the European Investment Bank, and the French State. On June 16, 2023, the Toulouse Commercial Court homologated the Company’s agreement for its recapitalization. The agreement involves a €283 million business recapitalization, including a committed capital increase of at least €100 million and a €183 million reduction of the Company’s financial debt. The recapitalization timeline is as follows:
  • August-September 2023: Reverse Stock Split
  • October 2023: Sale of fractional shares resulting from the reverse stock split, capital reduction, and AMF approval of the Capital Increase prospectus
  • November 2023: Capital Increase: subscription period
  • On or before November 30, 2023: Delivery of new shares and capital increase closing, followed by debt reduction
Business Summary
Latecoere SA is a France-based company engaged primarily in the aircraft equipment manufacturing. The Company produces aero-structures, such as fuselage sections, as well as passenger and baggage bay doors for Airbus, Boeing, Dassault, Bombardier and Embraer planes. It also supplies onboard electrical harness and avionics bays, as well as video camera systems. In addition, the Company provides design and engineering services for the clients. Latecoere SA has locations in France, the Czech Republic, Romania, the United States, Spain, the United Kingdom, Tunisia, Mexico and Brazil. Latecoere SA operates through a number of subsidiaries, including Letov s.r.o, specialized in the manufacture of mechanical pieces and door structures, Latecoere do Brasil, Letov LV, and LaTelec, among others.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202412/31/2023Yes----

Industries
SIC Code Description
3728 Aircraft parts and auxiliary equipment, not elsewhere classified
3724 Aircraft engines and engine parts
3812 Search, detection, navigation, guidance, aeronautical, and nautical

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board NickSanders 12/30/2024 12/30/2024
Group Chief Executive Officer, Member of the Executive Committee Andre-HubertRoussel 59 11/14/2024 11/14/2024
Group Chief Financial Officer, Member of the Executive Committee HilmarLeimbach 7/11/2022 7/11/2022
10 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Latecoere Interconnection Systems UK, Ltd. Bristol and Bath Science Park Bristol United Kingdom
Technical Airborne Components Industries S.p.r.l. Rue des Alouettes 141 Herstal Belgium
Latecoere Czech Republic sro Beranovych 65 Praha Letnany Czech Republic
7 additional Subsidiary records available in full report.

Business Names
Business Name
Avcorp Industries Inc
Aviation Latecoere
Groupe Latecoere
25 additional Business Names available in full report.

General Information
Number of Employees: 5,497 (As of 12/31/2023)
Outstanding Shares: 12,495,805,413 (As of 12/31/2024)
Shareholders: 69,166
Stock Exchange: EPA
Fax Number: +33 561589738


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Tuesday, April 8, 2025