LISI Sees Strong Sales on Aerospace Strength

Jason Sandefur

A “very favorable” climate in the aerospace industry helped French fastener maker LISI reported a 14.2% increase in overall annual sales to Euro 617.6 million (US$749.6 million). Results included a strong fourth quarter performance, with revenue jumping 21.2% to Euro 166.7 million (US$202.4 million).
LISI Aerospace sales rose 15% to Euro 243.7 million (US$295.9 million) in 2005. More than 30% of aerospace sales were generated in the U.S., while Europe accounted for nearly 13% of revenue. LISI Aerospace was boosted by “the big comeback of Boeing, thanks to the success of the B787.
“This extraordinary year enhances the already excellent medium-term prognosis for the aerospace sector. So efforts are being put into increasing existing capacity,” LISI reported.
LISI Automotive revenue climbed 16% to Euro 339.3 mln (US$411.9 million), driven by the acquisition of German fastener and auto component firm The Knipping Group during the second half of 2005. Knipping operates five industrial sites – four in Germany and another in Spain – plus 2 sales offices, with second-half sales of Euro 50.5 million.
“This strategic transaction marked an important step for LISI, because it lets it rebalance and expand its client portfolio among German manufacturers, while at the same time reducing its reliance on French manufacturers,” LISI stated.
LISI predicts “significant business growth” in 2006,” with new product launches and strong performance of its international subsidiaries. Web: lisi-group.com �2006 FastenerNews.com