Zodiac Aerospace presented its worst ever annual financial results for the 2014/2015 fiscal year, facing an operating income shortfall of 44.6% as a result of production delays at its aircraft seat division.
The French component supplier announced their lower current operating income of €314.1 million compared with €567.3 million in 2013/2014. Zodiac Aerospace shares dropped nearly 10 percent after the 44.6 percent decrease in core annual earnings was announced, according to a report from The Economic Times. “These figures don’t please us; it is a fiscal year…
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