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The LISI Group Generated Sales of 445.0 Million Euros in the First Quarter of 2019, up +6.1% Compared to 2018
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2019-04-29
LISI AEROSPACE: +7.2% (Q1 2018: -15.1%)
-Strengthening of the “Fasteners” market in Europe
-Consolidation confirmed in non-commercial aviation segments in the United States: a more moderate increase in activity with Boeing (before adjustments to the 737 production rates)
-Sustained ramp-up of new engine programs in the “Structural Components” segment
-Significant exchange rate effect related to the strengthening of the dollar, which represents +4.0% of Q1 sales
LISI AUTOMOTIVE: +1.4% (Q1 2018: +19.4%)
-European and global markets decline in line with Q4 2018
-Integration of the US company Hi-Vol in accordance with the plan
-Disposal of Beteo (Germany) since December 31, 2018
LISI MEDICAL: +21.2% (Q1 2018: -20.3%)
-Sales increase driven by the minimally invasive surgery sector
-Significant exchange rate effect related to the strengthening of the dollar, which represents +3.8% of Q1 sales
Assuming stability in most of its end markets the Group aims in 2019 to return to positive organic growth and to exceed it financial performance of 2018 thanks to the management measures already taken and to generate a largely positive Free Cash Flow.
2019-05-02
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