LISI 2013
5
2013performance:Resultsofpost-2009
crisisefforts
The final effectsof the2009crisisand its impactonLISI’s
results were largely overcome in 2013, and the Group’s
threedivisionsall returnedtogrowth inthesecondhalfof
theperiod, somethingwhichhadnot been seen for two
years.
•
On the aviation side, recordneworders anddeliveries
of 100-seater-plus commercial aircraft for Airbus and
BoeingallowedLISIAEROSPACE, like themajorplayers
in this sector, tooutperform in termsof salesaswell as
profitability. As a result, our aviation division greatly
improvedon itspreviousperformances, strengthening
its place as themain contributor to the group,with a
turnoverof664million€andanoperatingprofitof 118
million€,an increaseofalmost30%on2012 figures.
•
In the automotive sector, themajor development of
2013was the growthof vehicle sales inEurope,which
wasmuchmorepositiveduring the secondhalf of the
year.Buoyedbythisfavourabletrend,LISIAUTOMOTIVE
posted stable revenueat constant scopeof 422million
€,and increased itsoperatingprofitbyafactoroffive,to
11million€due to restructuringmeasuresundertaken
over thecourseof thepast twoyears.
•
Intheorthopaedicsworld,thefirstsignsofaneconomic
downturnwere seenover the courseof the year 2013,
and were shown in LISI MEDICAL’s results, which
remained staticwitha turnover of 64million€andan
operatingmarginof4%. Itsorderbooks,however,have
grown significantly by comparison with the start of
2013.
Recordconsolidatedresults
Profits returnedby eachof thedivisionshas enabled the
Group to return to the results achieved at the height of
the 2005-2008 economic cycle, as summarised by the
following listofconsolidated figures:
•
TheGroupturnoverreached1.15billion€,an increaseof
+6.3%on2012 ;
•
Operatingprofits reached 129million€,equivalent toa
marginof 11.2% ;
•
ROCE (returnoncapitalemployed)exceededthetarget
of 19% ;
•
Free Cash Flow generated amounted to 28million €
after record investmentof88million€ ;
•
Financial debtdecreasedby2pointsandamounted to
11%ofequity.
These results lead us to propose a dividend of 1.70 per
share at the next General Shareholders Meeting, an
increaseof+21% fromoneyear to thenext.
We should like to congratulate and warmly thank all
teams in the Group for meeting these performance
commitmentswhichwesetourselvesayearago
.
