Zodiac Aerospace posted a 44.6% drop in core annual earnings on November 24th, in the wake of production delays at its troubled aircraft seats division. Hit by a series of recent profit warnings, Zodiac Aerospace said its 2014/15 ordinary profit fell to €314m (US$333.66m) as its core profit margin more than halved to 6.4%, while already-reported revenue rose 18%. For the current September-August financial year, the French company predicted slight growth in revenue thanks partly to a stronger dollar and an operating margin of around 10%.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada