LISI reported sales increased 7.8% to € 1.57 billion (US$1.66 billion), which included organic growth of 4.6%. Acquisitions added € 50.1 million to the total.

The LISI AEROSPACE division performed well in the “Fasteners in Europe” segment, with strong growth due to the implementation of new contracts.

The “North American Fasteners” business unit, however, suffered an overall drop in sales but saw an increase in orders from Boeing at the end of the period, the first improvement after several months of sharp decline related to the reorganization of logistics at the aircraft manufacturer.

In the LISI AUTOMOTIVE division, the second half year saw an acceleration in sales momentum after a lackluster start to the year (+1.1% in H1, +3.8% in H2, +2.3% for the year) in a strong European market. The increase in sales is especially visible in the clipped solutions and mechanical safety components segments, fueled by increases in market shares and new product ramp up rates.

“2016 was the sixth consecutive financial year of growth across all performance indicators in absolute terms,” the company stated.

At € 237.1 million EBITDA was up 16.2% (+€ 33 million) and represented 15.1% of sales.

Capital expenditure achieved an historic high of € 119.6 million, principally directed to equipment for new products and the extension or re-installation of several major locations (Villefranche-de-Rouergue, Rugby (UK) and Saint-Ouen l’Aumône). Web: lisi-group.com/en/