LISI GROUP FURTHER IMPROVES ITS RESULTS DURING H1 2011
ACQUISITIONS OF CREUZET AÉRONAUTIQUE AND INDRAERO-SIREN
Sales revenue up +17.3% at €447.1mo The strongest half-yearly organic growth since 2007: +14.9%
o Significant improvement in the performance results of LISI AEROSPACE
o Activity still sustained at LISI AUTOMOTIVE
o LISI MEDICAL driven by the successful integration of LISI MEDICAL Orthopaedics
Operating profitability further improved
o Current operating margin at 9.6%, close to Group standards
Net profit significantly up at €38.2m after €10.6m of capital gains on the disposal of LISI COSMETICS
Satisfactory Free Cash Flow for a growth period: €10m, positive throughout the divisions Net financial position positive at €10m, to be compared with net debt of €17.5m at December 31, 2010 Acquisitions of Creuzet Aéronautique and Indraero-Siren confirmed on July 22, 201106/30/2011 | 06/30/2010 | Changes 2011/2010 | 12/31/2010 | ||||
€m | % of sales | €m | % of sales | % | €m | % of sales | |
Sales revenue EBITDA EBIT Operating profit Earnings for the period attributable to owners of shareholders' equity Operating cash flow Net industrial investments Free Cash Flow Shareholders' equity Net Financial debt Gearing | 447.1 62.2 42.8 52.6 38.2 48.0 29.5 10.0 507.6 -10.0 -2.0% | 13.9% 9.6% 11.8% 8.6% 10.7% 6.6% 2.2% | 381.1 43.9 19.2 17.2 12.0 36.2 21.8 30.4 479.4 1.1 0.2% | 11,5% 5.1% 4.5% 3.2% 9.5% 5.7% 8.0% | 17.3% 41.8% 122.3% x 3 x 3.2 +€11.8m +€7.7m -€20.4m | 776.7 95.7 49.5 48.4 32.9 79.5 50.6 54.8 489.5 17.5 3.6% | 12.3% 6.4% 6.2% 4.2% 10.2% 6.5% 7.1% |
The full press release, along with the LISI Group's financial information, are available on the website http://www.lisi-group.com
Contact
Emmanuel Viellard
Telephone: +33 (0)3 84 57 00 77
Email: emmanuel.viellard@lisi-group.com
Website: www.lisi-group.comThe next publications will appear following close of trading on Paris Euronext
Q3 2011 financial position: October 26, 2011
The LISI Group is listed on Eurolist's B compartment and belongs to the CAC Small, CACMid& Small, CAC – All Tradable and CAC-All Shares indices, ISIN code: FR 0000050353. With sales revenues of
€777 million in 2010 and some 7,100 employees, LISI is a worldwide leading manufacturer of screwed and clipped fasteners and assembly components for the Aerospace and Automotive industries. Its LISI MEDICAL division specializes in the subcontracting of implants for groups developing medical solutions.
Reuters:GFII.PA Bloomberg:FII FP