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Zodiac Aerospace SA (ZODC.PA)

ZODC.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Airbus says any loss on A380 would not have big group impact
Wednesday, 13 Jul 2016 12:37pm EDT 

Airbus chief Bregier: says may not break even on A380 at 12 deliveries a year, but can reduce fixed costs by reorganising teams . says profit or loss on A380 at 12 deliveries a year would not be material for airbus . says decided to put on hold A380neo version for some years, can't count on it to get additional orders for now . says may be able to lift production of a380 again in future as airport congestion grows . says expects will get U.S. export licences needed for sale of jets to Iran soon . says vast majority of suppliers are taking appropriate action to handle increases in production . says Zodiac Aerospace on right track on business class seats for A350, but not for lavatories . says more customers asking for earlier deliveries than asking for postponements . says would not make sense for now to produce more than 60 single aisle jets a month . says hopes Bombardier will no longer practise 'dumping' to win orders Further company coverage: [AIR.PA] (Reporting by Tim Hepher) ((Mark.R.Potter@thomsonreuters.com;)).  Full Article

Zodiac Aerospace says main family shareholders sign collective retention agreement
Wednesday, 22 Jun 2016 02:45am EDT 

Zodiac Aerospace SA : Main family shareholders of the Zodiac Aerospace Company have on June 20, completed and registered with the French Tax Authority a collective retention agreement . Collective retention agreement of main family shareholders to run for two years with possible renewal in 12-month periods .Shares subject to aforementioned agreement currently represent around 23 pct of capital and 34 pct of gross total voting rights.  Full Article

Zodiac Aerospace 9M sales up 5.9 pct to 3.84 billion euros
Tuesday, 14 Jun 2016 12:00pm EDT 

Zodiac Aerospace : 9 month sales increase 5.9 pct to 3.84 billion euros ($4.31 billion); +0.4 pct like-for-like . +4.4 pct organic growth in Q3 2015/2016 . Maintains its 2015/2016 guidance for the full year of a current operating income close to the one of FY 2014/15 . The group also confirms its other guidance. The banking covenant should be respected .Both Zodiac Seats and Zodiac Cabin confirm objective to get back to operational performance in Seats and Cabin in 18 months, starting from announcement in March 2016.  Full Article

Zodiac Aerospace confirms FY 2016/2016 guidance
Wednesday, 20 Apr 2016 01:30am EDT 

Zodiac Aerospace SA:For FY 2015/2016, group confirms its target for its current operating income to come in close to that of FY 2014/2015.  Full Article

Zodiac Aerospace gives 2015/16 operating income guidance
Tuesday, 15 Mar 2016 12:45pm EDT 

Zodiac Aerospace SA:Says current operating income for 2015/2016 financial year to come in close to 2014/2015 operating income.  Full Article

Zodiac Aerospace updates on FY 2015/16 deployment of transformation and recovery plan
Wednesday, 24 Feb 2016 11:46am EST 

Zodiac Aerospace SA:Announces update on deployment of transformation and recovery plan with ‍sliding of FY 2015/16 financial target​.Says while the objectives are maintained, the recovery will spread out on a duration longer than initially planned.In the short term, this results in excess cost remaining at a high level.Banking covenant ratio (adjusted net debt/EBITDA), calculated at end of fiscal year, should be respected.  Full Article

Zodiac Aerospace comments on FY 2015/2016 and 2016/2017 outlook
Tuesday, 15 Dec 2015 11:41am EST 

Zodiac Aerospace SA:Seeks to achieve a slight growth in revenue with a positive dollar impact and current operating income margin of around 10 pct for FY 2015/2016.In fiscal year 2016/2017, current operating margin is expected to improve by two percentage points compared to fiscal 2015/2016.  Full Article

Zodiac Aerospace gives FY 2016/2017 outlook in line with analyst' estimates
Tuesday, 24 Nov 2015 01:00am EST 

Zodiac Aerospace SA:Sees for FY 2016/2017 slight growth in revenue.FY 2014/2015 revenue 4,932 mln euros.FY 2016/2017 revenue 5,355 mln euros (8.6 pct growth) - Thomson Reuters I/B/E/S.  Full Article

FFP increases its stake in Zodiac Aerospace to 5.18 pct
Monday, 28 Sep 2015 12:58pm EDT 

FFP SA:Says in the last few days it bought 3,352,000 Zodiac Aerospace shares on market for 77 mln euros, representing 1.16 pct of company.After this operation, FFP holds 5.18 pct of Zodiac Aerospace.  Full Article

Zodiac Aerospace says Newport, WA facility is returning to operations
Friday, 7 Aug 2015 11:45am EDT 

Zodiac Aerospace SA:Gives update on situation following explosion at Zodiac Aerospace facility, located in Newport, WA, USA (occurred July 14).Facility is returning to operations.Investigation to determine cause of explosion is on-going.  Full Article


Airbus's largest A350 jet carries out its maiden flight

TOULOUSE, France Europe's largest twin-engined passenger jet, the Airbus A350-1000, took to the skies for the first time on Thursday, seeking to grab the spotlight from Boeing's popular 777.