Zodiac reports 22.5% increase in Q3 revenue

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Zodiac Aerospace Group recorded a 22.5% growth in revenue to €715 million ($1.01 billion) for the third quarter of its financial year.

The company's AeroSafety & Technology segment revenue declined 3.3%, while Aircraft Systems saw a 21.8% increase in fiscal third quarter revenues. Cabin Interiors grew by 19.8% compared with the same quarter year ago.

Zodiac's cabin interiors segment recorded the highest third quarter revenues at €422.6 million followed by aircraft systems at €152.2 million and €139.9 million for the AeroSafety & Technology business.

Zodiac Aerospace aims revenue growth in excess of 20% for 2010-2011, excluding exchange rate fluctuations and new acquisitions, compared with the previous growth target figure of between 15% and 20%.