Report
Jean-François Granjon

LISI : A dip in 2020 before a gradual recovery

>The rebound in 2021 is still difficult to estimate - Turbulence at all activities. As of the second half of March, the group suffered the impact of the health crisis with a 27% decline in sales in March, of which -31% in aerospace and -26% in automotive. Average activity rates stood at around 40% (of which 20% for automotive and 50% for aerospace). In aerospace, the components and structure business was the hardest hit (-50% in March) due to the reduction in producti...
Underlying
LISI SA

LISI manufactures multifunctional fasteners and assembly and structural components for three business sectors: aerospace, automotive, and perfurmery. Co.'s activities are also split into three divisions: LISI Aerospace division, LISI Medical division and LISI Automotive division. LISI Aerospace division produces fasteners and assembly components for the aerospace and motor racing markets. LISI Medical division produces medical implants and is a sub-contractor of auxiliary parts. LISI Automotive division produces automotive fasteners and assembly components.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean-François Granjon

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