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4 I

LISI 2016 ANNUAL REPORT

LETTER FROM THE MANAGEMENT

Gilles KOHLER

Chairman of LISI

EMMANUEL VIELLARD

Chief Executive Officer of LISI

“Thanks to the dynamism of its main markets,

the LISI Group generated

sales of € 1.57 billion

,

an increase of + 7.8% compared to 2015,

of which 4.6% was organic growth”

+ 7.8%

increase in sales in 2016