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AEROSPACE
Outlook for 2012
Increase in
aircraft
deliveries
LISI AEROSPACE operates in an economic
environment that is both mixed and
buoyant: while the uncertainty about
the situation today in Europe suggests
caution, developing countries should
support the worldwide growth. In the
actual aerospace industry, the major U.S.
and European programs will continue
to boost the order book. Deliveries of
100+-seat aircraft should gain 15% in
the world in 2012. Despite a moderate
increase in activity, the U.S. still displays
a significant growth potential, primarily
at Boeing because of the industrial rise
of the B787, and at those distributors that
have put a final stop to their destocking
programs. In Europe, the Airbus A350,
however, will represent a significant
volume of deliveries over the first half of
the fiscal year 2012. Higher rates should
also fuel growth throughout the year. The
continued increase in LISI AEROSPACE’s
sales revenue therefore seems assured
in 2012, especially given the current
level of order intake and visibility that
the aviation industry seems to offer. The
continued increase in operating margin
will be determined by the Group’s ability
to manage, in parallel, the phasing of the
setting up of the A350 assembly line, the
production of parts necessary for the
ramp-up of older aircraft (A320, A330 and
A380) and the ramp-up of the Torrance
plant (USA). The latter should be able
to serve the needs of the large Boeing
contract awarded to LISI AEROSPACE and
its new B787 aircraft. The North American
arm is indeed a source of growth and
significant increase in profitability this
year.
+
15
%
Deliveries of 100+-seat
aircraft should gain 15%
in the world in 2012.