Report
Jean-François Granjon

LISI : Persistently strong momentum

>Q3 sales close to our expectations - Lisi published Q3 sales of € 396.2m (€ 407.3me) vs € 355.8m, up 11.3% and +14.8% organic. This performance compares with interim organic growth of 17.4%. Note that for this quarter, the reference effect was particularly unfavourable with an organic increase of 24.4% for the reference quarter. 9-month sales came to € 1,217.9m vs € 1,051m, +15.9% and +16.5% organic. The group benefited from a price effect of € 65m (+6% vs +€ 44m in...
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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