LISI : Growth set to gather pace in 2024
>Operating results close to our forecasts - Sales were up 14.4%, +15.5% organically. This very strong momentum, homogeneous across quarters, lifted all three business units and benefited from a price effect. This is a good performance despite the base effect (+15.5% in 2022). The underlying operating profit edged up 1.8%, implying an underlying operating margin of 5.5% (5.8% estimated, 5.5% for consensus) vs 6.3% (-80bp), as H1 was under pressure. FCF is positive at a...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.
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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