Report
Jean-François Granjon

LISI : Feedback from road show: short-term exit option or longer-term accretion/valuation

>Holding up well in 2022 amid inflation - At a recent road show, management (CFO) had much to say about the good performance delivered in 2022 against a persistently tough economic backdrop, the trend for 2023 and the planned share buyback programme. The results lived up to expectations with the underlying operating margin up 60bp to 6.3% despite a largely inflationary environment and difficulties in recruiting skilled staff. There was also a marked improvement in pro...
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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