25/04/2018

The LISI group reports sales of EUR 420 million in the first quarter of 2018, a year-on-year decline of 5.6%, taking into account an unfavorable basis of comparison with the same period of the previous financial year and a very adverse exchange rate effect

• LISI AEROSPACE : - 15.1 % (Q1 2017: +11.7%)

   - Very negative currency effect due to the weak dollar, which accounts for - 7.6% of first quarter sales
   - "Europe fasteners" segment negatively affected by the continued adjustment of the supply chain of its main contractor
   - Sustained ramp-up of new programs in the "Structural Components" segment
   - Slight strengthening of order intake in the United States (excluding the US dollar effect)
   - Sustainable long-term outlook for the commercial aircraft market, encouraging signs of a recovery in business aviation and helicopters

• LISI AUTOMOTIVE : + 19.4% (Q1 2017: +6.6 %)
   - Confirmation of the good trend of 2017 with organic growth exceeding that of the European market
   - Increase in market shares
   - Strong contribution from TERMAX, acquired in October 2017, and from developments initiated in previous years
   - Strong momentum in the "Safety Mechanical Components" and "Clipped Solutions" segments, in line with development strategy

• LISI MEDICAL : - 20.3% (Q1 2017: + 103.1%)
   - Significant currency effect related to the weak dollar (- 5.5 %)
   - Sales down, following the loss of two significant products in the second half of 2017 and the ramp-up of new products in the "Minimally Invasive Surgery" segment

Based on the first quarter performance results, considering a remaining weak US dollar, and anticipating a very gradual recovery in the Aerospace Fasteners BG in the second half of the year, the Group now considers that the objective of increasing its current operating income in 2018 and posting a double-digit operating margin will not be achieved. In contrast, the FCF should be largely positive once again.

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

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25/04/2018

The LISI group reports sales of EUR 420 million in the first quarter of 2018, a year-on-year decline of 5.6%, taking into account an unfavorable basis of comparison with the same period of the previous financial year and a very adverse exchange rate effect

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1,643€M
sales revenue in 2017

11,958
employees

47
industrial sites
scattered in 13 countries