LISI Group growth continues apace, with an 11.9% increase in sales revenue, taking it to €449.3m for the first quarter of 2024

The sales revenue, up some 11.9% on 2023, is primarily driven by its aerospace division.

•  LISI AEROSPACE: growth of 26.4%, largely carried by strong demand across the aerospace sector as a whole.

•  LISI AUTOMOTIVE: down 1.2%, the division held up well against the backdrop of clients’ declining worldwide production.

•  LISI MEDICAL: down 6.9%, against a background of settling demand levels following adjustments to supply chain inventory.

Consolidated sales figures as of end March 2024 takes account of the following:

•  exchange rate effects had a negative impact of -€2.4m (0.5% of sales revenue), largely due to a slight fall in the average rate of the US dollar against the euro;

•  a price effect estimated at €12.4m, corresponding to the partial pass-through to customers of the impact of inflation on manufacturing costs.

The increase in sales restated for currency fluctuations and in the absence of scope effect was + 12.5%, over the first three months of the year.

OUTLOOK

The Group is set to benefit from the positive momentum of the aerospace sector, in which it is nicely positioned, and from the orders coming in for high added-value and innovative products which respond to client demands across all three divisions.

The main point of focus for the year will be the ability to adapt production resources to fluctuating customer demand and to ensure program continuity.

With inflationary pressures easing, the Group is substantiating the objective it set on 22 February 2024 in its 2023 annual report, namely to improve its key financial indicators, i.e. EBIT and free cash flow.