The LISI Group achieved sales of € 342.4 million in Q1 2022, up 10.7 % compared to 2021

Q1 2022 sales up + 10.7 % compared to 2021. All three divisions are up compared to the same period of the previous year:

•  LISI AEROSPACE : + 20,5 %, sustained growth since H2 2021, driven by the increase in the division's order book as well as the rise of the dollar,

•  LISI AUTOMOTIVE : + 0,6 %, market share gains in a context still disrupted by the global shortage of electronic components among all manufacturers and equipment suppliers,

•  LISI MEDICAL : + 12,0 %, growth in sales driven by rising demand.

Consolidated sales at the end of March 2022 reached €342.4 million, taking the following items into account:

•  a scope effect of + €3.9 million resulting from the following transactions in the LISI AEROSPACE division:
   -  deconsolidation of LACE (France) on March 4, 2021, i.e. an impact of - €1.7 million (- 0.5 % of sales),
   -  acquisition of B&E Manufacturing, a U.S. company that had been consolidated since August 1, 2021, i.e. a contribution of + €5.6 million (+ 1.6 % of sales);

•  a favorable currency effect of + €10.5 million (i.e. + 3.1 % of sales), mainly tied to the appreciation of the average US dollar exchange rate against the euro.

On a like-for-like basis and restated for the currency effect, sales were up + 5.5 % over the first three months of the year.


In a context where the Ukrainian crisis and the upheavals of the COVID-19 crisis are making the global economic environment uncertain, the LISI Group is facing multiple challenges. After eight weeks of conflict in Ukraine, the LISI Group's operations have not been directly affected, whether regarding the supply of raw materials or components. Nevertheless, the Group notes a general increase of inflationary pressures.

The Group is pursuing the actions initiated a long time ago in an effective and well-organized approach, in order to lower the break-even point of its activities, make its production capacities more flexible, digitize and automate both industrial and administrative processes, as well as deploy an objectified policy in terms of social and environmental responsibility (CSR). This is what encourages it to remain confident that it will achieve its objectives for 2022 as disclosed on February 17: return to positive organic growth, improvement of the main financial indicators and keep of a positive operating Free Cash Flow1 , while ensuring the expected increase in investments in equipment and productivity.

1 Operating Free Cash Flow: net operating cash flow minus net CAPEX and changes in working capital requirements

A worldwide company specializing
in the design and manufacture
of assembly solutions

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The LISI Group achieved sales of € 342.4 million in Q1 2022, up 10.7 % compared to 2021

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sales revenue in 2021


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