LISI Group sales, including fasteners, rose 10.7% to €342.4 million (US$355 million) in the opening quarter of 2022. 

All three divisions of the French aerospace fastener manufacturer achieved gains during Q1, with LISI AEROSPACE up 20.5%, to €167.9 million, LISI AUTOMOTIVE up 0.6% and LISI MEDICAL up 12%.

“In a market where there was an 8.3% decline in the worldwide production over the entire ecosystem in Q1 2022, LISI AUTOMOTIVE’s sales (€141.1 million) increased by 0.6%,” the company stated.

Sales for Q1 2022 in the ‘fasteners’ business in Europe increased 12.5%, while U.S. fastener sales saw the strongest growth over the quarter, jumping 28.7%.

LISI MEDICAL sales grew 12% to €33.4 million, driven by market share gains for new products developed over the past four years and by increased volumes for flagship products. Web: LISI-Group.com