The aerospace supplier Zodiac Aerospace publishes Monday sales down sharply for the first half shifted 2009/2010. In this period, group revenues fell 12.8% to 966.1 million euros against 1.1 billion a year earlier. The Aircraft Systems Segment is the most affected with a decline in turnover from 25.7% to 219.6 million euros due to lower sales in the aviation business.
For group management, however, these results are consistent with expectations. "Despite the economic crisis affects, as expected, with a few months later the entire aviation industry suppliers, the activity of Zodiac Aerospace resists the first half," said a statement.
Signs of improvement have also been detected in the second quarter, when revenues decline by 10.6% was less marked than in the first quarter (-14.9%) guaranteed cash advance . The Group therefore maintains its goal of operating profitability of 8% on the basis of an average euro / dollar of 1.50.
For 2010/2011, Zodiac placed on an improvement "sensitive" to the economic situation, thanks to a recovery in air traffic and the intentions of deliveries of major manufacturers. Management expects a net profit whose development will be consistent with current operating income.
On Monday at the Paris Stock Exchange, the shares closed down 2.04%, to 33.865 euros in a market decline of 0.93%.
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