10/21/2020

The LISI Group achieved consolidated sales of € 923 million in the first nine months of 2020, with an uptick in sales between Q2 (- 45.9%) and Q3 (- 30.4%) driven by the Automotive division

• LISI AEROSPACE : - 30.1% on a cumulative basis, - 41.4% in Q3, compared to - 39.4% in Q2

   • Lower demand for "Fasteners" in Europe and North America in Q3,

   • "Structural Components" segment still adversely affected by the double effect of the COVID-19 crisis and the suspension of the Boeing B737-Max production,

• LISI AUTOMOTIVE : - 29.1% on a cumulative basis, - 14.3% in Q3, compared to - 60.1% in Q2

   • Significant recovery in activity in Q3,

   • Firm resilience of high added value "Safety Mechanical Components" and "Clipped Solutions" segments confirmed thanks to new market share gains,

• LISI MEDICAL : - 19.2% on a cumulative basis, - 21.5% in Q3 compared to - 32.2% in Q2

   • Demand still marked by significant volatility due to the global health crisis.

At € 923.4 M, consolidated sales for the first nine months of 2020 are down by 28.9% and take into account the following factors:

• a 30.4% decline in activity in Q3, reflecting an improvement compared to the previous quarter (- 45.9%) which saw the closures of almost all the sites of the Group's main customers from March 15, 2020,

• at the end of September, a scope effect of - € 45.2 M (i.e. - 4.9% of sales) reflecting the disposal:

   • of the screws, chassis studs and ball joints segment by LISI AUTOMOTIVE Former of the Saint-Florent-sur-Cher unit on November 29, 2019,

   • of 100% of the shares of the German subsidiary LISI AUTOMOTIVE Mohr + Friedrich GmbH on June 26, 2020,

   • of the companies Indraero Siren and LISI AEROSPACE Creuzet Maroc, effective since June 30, 2019,

• an unfavorable foreign currency effect of - € 0.9 M, linked to the weakening of the US dollar against the euro.

On a like-for-like and constant exchange rate basis, consolidated sales decreased by - 26.4% in the first nine months of the year.


OUTLOOK

In a global economic environment still marked by the sanitary and economic crisis with a low short-term visibility, the Group confirms the objectives it announced in the first half:

- refocusing on high added value business,

- cost reduction measures which will have an impact in particular on the net income in the second half of the year,

- maintaining positive operating profitability and a good level of Free Cash Flow.

Thanks to its financial strength, LISI’s strategic ambitions for medium and long-term growth remain intact.

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

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10/21/2020

The LISI Group achieved consolidated sales of € 923 million in the first nine months of 2020, with an uptick in sales between Q2 (- 45.9%) and Q3 (- 30.4%) driven by the Automotive division

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1,729€M
sales revenue in 2019

11,171
employees

48
industrial sites
expanded in 13 countries