Plaisir, December 13, 2017 – Zodiac Aerospace’s sales were down -6.9% on a like-for-like basis for the first quarter of its fiscal year 2017/2018 (September to November).
On October 30th 2017, the Group expected a slight decline in sales, which is broken down into a further increase of Aerosystems activities, at a similar pace to the previous year, a stabilization of the Cabin activities, and a decline in Seats business, impacted by past operational performance. Sales for the first quarter are in line with this scenario, with the exception of the Cabin branch, which is experiencing a weak start due to some customers’ decision in the VIP and business jets markets to postpone their orders.
Zodiac Aerospace reported sales of €1,077.5m, decreasing by -10.4% on a reported basis, impacted by a negative foreign exchange rates of -3.5 points. There was no impact from consolidation scope.