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Zodiac Aerospace SA (ZODC.PA)

ZODC.PA on Paris Stock Exchange

21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Zodiac shares fall after company postpones results publication
Tuesday, 18 Apr 2017 03:06am EDT 

April 18 (Reuters) - Zodiac ::* Shares fall by around 2 pct.* Zodiac said on April 14 that it would postpone the publication of its half-year results by a week from April 20, citing an excessive workload due to merger discussions with engine maker Safran nL8N1HM1AQ.* Safran is also exploring plans to lower its $9 billion bid for Zodiac Aerospace and may simplify its structure amid continued turmoil at the seats maker and pressure from its own shareholders, a financial source said. nL8N1HM1I7.* Earlier in April, activist hedge fund TCI Fund Management called on Safran to set up an ad-hoc independent directors' committee to review the company's valuation of Zodiac Aerospace, according to a letter seen by Reuters. nL5N1HB4JP.  Full Article

PPLocal private shareholder lobby group says will oppose Safran/Zodiac deal
Thursday, 16 Mar 2017 04:00am EDT 

Safran /Zodiac : PPLocal is lobby group that acted on behalf of Solocal shareholders and it says in statement that it will also look to oppose Safran/Zodiac deal on behalf of private shareholders . Safran's planned $9 billion takeover of Zodiac has come under pressure after Zodiac issued a new profit warning this week [nL5N1GS3JC] . Hedge fund TCI has also renewed its calls for the deal to be scrapped Further company coverage: [SAF.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Safran announces successful syndication of 4 billion euros acquisition bridge facility
Monday, 13 Mar 2017 03:50am EDT 

Safran : The syndication of the 4 billion euros bridge facility was successfully closed on March 6, 2017 . The facility, underwritten fully by Bank of America Merrill Lynch who also serves as bookrunner, was syndicated within a group of Safran's relationship banks. . The facility, supported by 12 banks as mandated lead arrangers, was oversubscribed by 70% . The bridge facility has a maturity of 12 months, with two 6-month extension options Further company coverage: [SAF.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Zodiac Aerospace proposed dividend of 0.32 euro per share for FY approved
Friday, 20 Jan 2017 12:25pm EST 

Zodiac Aerospace : Shareholders approved proposed 0.32 euros ($0.34) per share dividend for 2015/2016 fiscal year and option payment of dividend in new shares . Issue price of new shares to be issued in consideration for dividend has been set at 20.02 euros .Payment date: February 14, 2017.  Full Article

Safran says Zodiac deal will not dilute focus on LEAP engine development
Thursday, 19 Jan 2017 02:30am EST 

Safran CEO Philippe Petitcolin : Says not worried about Zodiac Aerospace recovery from industrial problems . Safran CEO says Zodiac synergies will be much higher than the annual 200 million euros already identified . Safran ceo says LEAP engine development on track, will not divert any resources from this due to Zodiac merger Further company coverage: [SAF.PA][ZODC.PA] (Reporting By Tim Hepher) ((tim.hepher@thomsonreuters.com;)).  Full Article

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

More From Around the Web


Exclusive: Safran could lower, restructure Zodiac offer - source

PARIS France's Safran is exploring plans to lower its $9 billion bid for Zodiac Aerospace and may simplify its structure amid continued turmoil at the seats maker and pressure from its own shareholders, a financial source said.