LISI 2012
57
For LISI AUTOMOTIVE, contrasting
performances
On the positive side, LISI AUTOMOTIVE recorded a build-
up of the German OEMs, and strong growth in sales in
China where the Beijing and Shanghai units exceeded 180
million RMB of sales in 2012, or an increase of more than
60% since 2009.
On the negative side, the contrasting changes on the
markets weighed heavily on the business.
Production in the automotive division fell by €33 million,
or -7.1%
, following the measures taken to use up the
stocks accumulated in the previous year. At the end of
2012, a fall of four days of sales revenues was recorded, in
comparison with 2011. This allowed the company to limit
the loss of free cash flow to €4 million, or less than 1% of
the division’s sales.
Some remarkable product
developments
The industrial and commercial actions undertaken in
2010 enables LISI AUTOMOTIVE to materialize numerous
new orders in 2012. These orders contributed to balancing
out the slowdown in the market and the sales of older
products. Some quite remarkable developments were
achieved in the various structures of the group.
At Saint-Florent, the forged mechanical steering compo-
nents (in particular with the equipment manufactu-
rers TRW and JTEKT), opened up some bright prospects
of growth on this product line. The screw fasteners for
structures and vehicle chassis is (particularly with the
manufacturers VW and RSA), grow in volume for the
fourth consecutive year. The screwed brake fluid linkages
(in particular with the equipment manufacturers TI, Sanoh
and Cooper) recorded growth of 70% over four years.
At Melisey, crossbars and technical hollow bodies (in parti-
cular with TRW and GESTAMP) have enable the company
to regain its place on the niche market for very technical
net-shape forged products.
At Dasle, the development of roof bar clips on the German
market, as well as on the Chinese market, will allow the
effects of the fall in production at the French manufactu-
rers to be limited.
At Mellrichstadt, LISI AUTOMOTIVE demonstrated once
again its capacity to seize opportunities in its three
business areas which are threaded fasteners, clipped
solutions and forged mechanical safety components.
The orders obtained helps LISI AUTOMOTIVE to remain a
major player with the large European manufacturers in
threaded fasteners and clipped solutions. The division
confirmed its leadership position in forged mechanical
safety components, particularly by reinforcing its position
in screw connectors and steering components. On the
other hand, the low order intake in bolts required an
adjustment in our industrial plant.
