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Outstanding robustness of European markets,
strong recovery in the automotive sector in
the U.S., continued growth in China, etc. The
combination of all these elements contributed
to maintaining a favorable market environment
for the activity of LISI AUTOMOTIVE. The
division’s sales revenue, up 8.1% on a like-for-
like and constant exchange rate basis in 2011,
reached €446.3 million, or 48% of the Group’s
overall business. The operating profit of LISI
AUTOMOTIVE, down 6.1% compared to 2010,
stood at €23.5 million. The increased use of
outsourcing and the rising transportation
and tooling costs related to the increase in
commodity prices and whose impact on
charged prices was delayed, weighed on
EBIT. Inflation in the cost of rawmaterials
was felt significantly as early as March 2011.
Some wire alloys used for the manufacture of
threaded fasteners or some mechanical safety
components have risen by approximately
15%, while the increase was more moderate
for plastics and flat steel. The overall level of
activity, however, remained generally
favorable.
production
driven by the export
markets
The business activity of LISI AUTOMOTIVE has
benefited from the relative dynamism of the
global automotive industry.
Production in 2011
was driven by the unexpected rebound of the
large European and American markets, the health
of the German industry, and the continued from
French and European manufacturers located in
Asia, where growth remains strong.
€
36
M
CAPEX in 2011