2012
        
        
          2011
        
        
          2014
        
        
          
            TheLISIGrouprecordeda further
          
        
        
          
            increase inperformance
          
        
        
          in terms
        
        
          of sales revenueandprofit for theyear
        
        
          2012, thanks to theverysignificant
        
        
          growthof theAerospacedivisionand
        
        
          despite thedifficultiesof theAutomotive
        
        
          division.
        
        
          •OnMay29
        
        
          th
        
        
          , LISIAUTOMOTIVEsold
        
        
          100%of itsholdings in itssubsidiary
        
        
          KNIPPINGUmformtechnikGmbH toGris
        
        
          InvestSAS foranamountof€2.8million.
        
        
          •Mergerof IndraeroMoroccoandCreuzet
        
        
          Morocco.
        
        
          
            Thegroupcontinuedthe initiative,
          
        
        
          
            started in2010
          
        
        
          ,of reinforcingand
        
        
          building itspositioning instrategic
        
        
          markets.Theyear2011wasmarkedby
        
        
          the following transactions:
        
        
          •LISICOSMETICSwasdeconsolidated
        
        
          onJanuary1, 2011 following thesale
        
        
          completedasatApril6, 2011. For
        
        
          the record, thedivisiongenerateda
        
        
          turnoverof€52.8million in2010.
        
        
          •The takeoverof theCreuzetgroup,
        
        
          whichwasconsolidatedasofJuly1,
        
        
          2011andcontributed€58.9million two
        
        
          thesales revenueoversixmonths.
        
        
          
            TheMANOIRAerospacegroup
          
        
        
          ,
        
        
          specializingmainly in forgingmetal
        
        
          parts foraeronauticalapplications,
        
        
          wasconsolidated intoLISIAEROSPACE
        
        
          since theJune5, 2014 tostrengthen
        
        
          theStructuralComponentsdivision
        
        
          by integratingcomplementary
        
        
          technologies.
        
        
          Toa lesserextent,oneshouldnote in
        
        
          June2014, theacquisitionof100%of
        
        
          thecontrol LISIAUTOMOTIVEShanghai,
        
        
          ofwhichaChinesepartnerheld25%
        
        
          previously.
        
        
          LISI 2014
        
        
          19