LISI 2012 FINANCIAL REPORT
19
2
Financial situation
Activity summary at December 31,
12 months ending December 31,
2012
2011*
Changes
Key elements of the income statement
Sales revenue
€m 1,081.3
925.1
+16.9%
EBITDA
€m 154.8
122.1
+26.8%
EBITDA margin
%
14.3
13.2
+1.1 pts
EBIT
€m 100.4
78.1
+28.6%
Current operating margin
%
9.3
8.4
+0.9 pts
Earnings attributable to holders of company equity
€m
57.3
59.2
-3.2%
Net earnings per share
€
5.47
5.70
-4.0%
Key elements of the cash flow statements
Operating cash flow
€m 119.7
95.3
+25.6%
Net CAPEX
€m
-78.4
-64.9
+20.8%
Operating free cash flow (FCF)
1
€m
38.5
6.4
Key elements of the financial structure
Net debt
€m
76.7
102.6
- 25.2%
Ratio of net debt to equity
13.3%
19.1% -5.8 pts
* The Group anticipated as at January 1, 2012 the implementation of the revised IAS 19. The 2011 statements have been restated accordingly.
1 Free cash flow: operating cash flow from operations less net capital expenditures and changes in working capital requirements. See Chapter 3 note 2.5.2.4 Cash and
cash equivalents.
Breakdown of 2012 sales revenue
Breakdown of 2011 sales revenue
Following the acquisition of the Creuzet Aéronautique group
and thanks to strong organic growth at LISI AEROSPACE, the
Group now achieves over 55% of its sales revenues in the
aerospace field, as against 44% in 2011; automotive business
represents only 39%, as against 48% in 2011. LISI MEDICAL
contributes 6% to the consolidated sales revenues.
The Group has for several years conducted a strategy to gain
market share with its main customers by meeting their highest
standards for reliability and innovation. During fiscal 2012,
approximately 70 customers accounted for 80% of sales.
55%
LISI AEROSPACE
39%
LISI AUTOMOTIVE
6%
LISI MEDICAL
44%
LISI AEROSPACE
48%
LISI AUTOMOTIVE
8%
LISI MEDICAL
