Latécoère reported group revenue results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues for the ongoing operations of EUR 172.6 million against EUR 171.3 million a year ago. At constant exchange rates, Group revenues decreased 3.4%, which is consistent with forecasts announced beginning of 2017. The slowdown in Group revenues is linked to activity for the Aerostructures division, down 7.1% at constant exchange rates, and primarily reflects the decrease in production rates of the A380, the 7X/8X and the E1.

The company continues to roll out its Transformation 2020 plan, and confirms the 2017 forecasts announced in March 2017: drop in revenues at constant exchange rates, slight improvement in recurring operating income, and positive free cash flow.