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The LISI Group Records an Operating Profit of € 67.7 Million and a Positive Free Cash Flow of € 34.5 Million in the First Half of 2018
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2018-08-09
Activity has declined compared to the high level of the first half of 2017
- The impact of the exchange rate dollar to euro was less important towards the end of the period. However, the impact remains significant for the first half of 2018.
- Contrasted performance across the 3 divisions of the group:
o LISI AEROSPACE: significant adjustment of demand in the "Europe Fasteners" market
o LISI AUTOMOTIVE: continued growth
o LISI MEDICAL: development efforts at LISI MEDICAL Remmele
- EBIT down to € 67.7 million, or 8.1% of sales
- Free Cash Flow up to € 34.5 million with sustained capital expenditure
- The impact of the exchange rate dollar to euro was less important towards the end of the period. However, the impact remains significant for the first half of 2018.
- Contrasted performance across the 3 divisions of the group:
o LISI AEROSPACE: significant adjustment of demand in the "Europe Fasteners" market
o LISI AUTOMOTIVE: continued growth
o LISI MEDICAL: development efforts at LISI MEDICAL Remmele
- EBIT down to € 67.7 million, or 8.1% of sales
- Free Cash Flow up to € 34.5 million with sustained capital expenditure
