07/25/2018

The LISI Group records an operating profit of € 67.7 million and a positive Free Cash Flow of € 34.5 million in the first half of 2018

   - Activity has declined compared to the high level of the first half of 2017
   - The impact of the exchange rate dollar to euro was less important towards the end of the period. However, the impact remains significant for the first half of 2018.
   - Contrasted performance across the 3 divisions of the group:
      - LISI AEROSPACE: significant adjustment of demand in the "Europe Fasteners" market
      - LISI AUTOMOTIVE: continued growth
      - LISI MEDICAL: development efforts at LISI MEDICAL Remmele
   - EBIT down to € 67.7 million, or 8.1% of sales
   - Free Cash Flow up to € 34.5 million with sustained capital expenditure

• LISI AEROSPACE (56% of total consolidated sales)

   - "Europe Fasteners" activity down, demand strengthening in North America
   - mixed activity in the "Structural Components" segment
   - Operating income down
   - Free Cash Flow still positive

• LISI AUTOMOTIVE (37% of total consolidated sales)
   - Positive trend observed in 2016 and 2017 confirmed, with organic growth (+6.8%) outperforming the European market (+2.8%)
   - Strong momentum in the "Safety Mechanical Components" and "Clipped Solutions" segments, in accordance with the development strategy
   - Sustained growth among Tier 1
   - Strong contribution from TERMAX and initial commercial synergies
   - New improvement in operating margin, which reached +7.2% over the half year

• LISI MEDICAL (7% of total consolidated sales)
   - Organic growth close to balance in the 2nd quarter (after a strong decline in the 1st quarter)
   - Operating income affected by the decline in activity and the significant development efforts at LISI MEDICAL Remmele

For the whole year, the Group reiterates the outlook disclosed last April 25th: management indicators should stagnate compared to 2017, while Free Cash Flow should remain positive and high.

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

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07/25/2018

The LISI Group records an operating profit of € 67.7 million and a positive Free Cash Flow of € 34.5 million in the first half of 2018

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1,643€M
sales revenue in 2017

11,958
employees

47
industrial sites
scattered in 13 countries