LISI : Results in line, FY targets unchanged
>Interim results - Lisi reported interim results broadly in line with our expectations. Sales stood at € 835.1m (€ 834.8m estimated) vs € 861.9m, down 3.1%, -3.5% organically. This compared with organic growth of 4.4% in Q1. The group’s performance was particularly dented by the Aerospace (-7.9% organically) and the Medical (-9%) divisions, while the Automotive business benefited from strong momentum (+6.8%). Lisi was further hurt by negative forex effects in H1 (-3...Lisi Group (Holdings) is an investment holding company. Co. and its subsidiaries have the following four reportable segments: Manufacturing and trading, which manufactures and trades plastic and metallic household products; Retail, which manages the department stores and supermarket operations; Wholesale, which carries out the wholesale of wine and beverages and electrical appliances business; as well as Investments holding, which manages the investments in debt and equity securities.
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.
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