Lisi: 12% growth in quarterly sales
(CercleFinance.com) - Lisi reports 11.
9% sales growth to 449.3 million euros for the first quarter of 2024 (+12.5% organic), driven by Lisi Aerospace (+26.4%), which benefited from strong demand from the entire aerospace sector.
The automotive and medical divisions, on the other hand, saw their sales fall by 1.2% and 6.9% respectively, having suffered from a downturn in customers' global production and a normalization of demand with the adjustment of inventories.
In an environment where inflationary pressures are easing, Lisi confirms its objective set last February of improving its key financial indicators, namely operating income before non-recurring items and free cash flow.
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