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    Latécoère (ENXTPA:LAT) Stock Faces A Longer Repair After Wider Losses

    Simply Wall St·09/23/2026 19:32:07
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    Latécoère came into this earnings print with a bruised share price, down over 11% in the past month and trading around €0.0133, yet carrying a P/S of just 0.2x against far richer aerospace peers. The half year numbers sharpen that tension. Revenue reached €432.84m for H1 2026, but the group still posted a net loss of €23.539m and remains unprofitable over the past twelve months. For investors who saw the low valuation as a simple recovery bet, the headline is clear. This is still a repair story, not a clean turnaround.

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    H1 2026 Earnings Summary

    • Revenue (H1 2026 vs. H1 2025): €432.84 million vs. €374.61 million (change reflects higher reported sales year on year)
    • Net Loss (H1 2026 vs. H1 2025): €23.54 million loss vs. €6.83 million loss (loss widened year on year)
    • Basic EPS (H2 2025 vs. H1 2025): €0.001975 loss per share vs. €0.000545 loss per share (loss per share increased over the period shown)
    • Trailing 12-Month Net Loss (H1 2026 vs. H1 2025): €48.86 million loss vs. €18.06 million loss (reflects a larger loss over the latest 12-month window)

    Prefer clean charts instead of another dense block of Latécoère figures and footnotes? Get a full visual read on the balance sheet, cash position, and debt load through the company report for Latécoère.

    ENXTPA:LAT Trailing 12-Month Revenue & Expenses Breakdown as at Sep 2026
    ENXTPA:LAT Trailing 12-Month Revenue & Expenses Breakdown as at Sep 2026

    Latécoère bull case leans on volume and breadth

    Latécoère still gives bullish thinkers one clear hook. Revenue of €432.84m for H1 2026, higher than the prior year period, fits a story of an aerospace supplier tied to healthier build schedules across multiple platforms. Top line momentum supports the idea that broad exposure across aerostructures, interconnection systems, and services can pull through more work as programmes stay active. It does not prove a smooth recovery, but it does show customers are still placing orders with this group rather than cutting it out of key supply chains.

    Losses and share slide underline repair risk

    The bear case finds plenty of backing. Latécoère reported a wider H1 2026 net loss of €23.54m and a trailing 12 month loss of €48.86m, which reinforces the view that this is an under-earning supplier with limited pricing power. Basic EPS loss also deepened. Combined with a share price that has fallen roughly 11% over 30 days and around 8% over both 7 and 90 days, this points to a market that treats the repair phase as very much unfinished business.

    Losses, a low P/S multiple, and a share price below €0.02 raise an obvious question for Latécoère holders: Check whether the balance sheet and cash runway actually stack up in our financial health analysis of Latécoère stock

    Level Up Your Next Move

    Latécoère still looks like a repair story, which makes timing and valuation especially important, so register for free with Simply Wall St and add it to a Watchlist to track price against fair value and wait for a setup that actually fits your plan. Once you take a position, keep control of the Latécoère exposure and the rest of your holdings through the Portfolio Command Center that cuts through noise and flags the updates that matter. For long term context and fresh angles, plug into the Community to see how other investors are thinking about risks, catalysts, and position sizing. Spotting potential turning points and pressure points early helps you react faster and stay a step ahead of the wider market.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.