Financial situation
1
2
26
I
LISI 2014FINANCIALREPORT
2.3
|
LISI AUTOMOTIVE
SummarizedoverviewoftheactivityofLISIAUTOMOTIVE :
Annual sales revenue (€M)
2012
2013
2014
Sales revenue
427
422
448
2012
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2013
2014
122
109
98 97
110 110
101 101
118 116
107 108
Abuoyantmarket(source:LISIestimates)
■■
Worldwide sales of car makers +3.5%, of which French car makers:
+3.9%
■■
WorldwideproductionofLISIAUTOMOTIVEcustomersat+4.3%
Performancerecoverywellunderway
Gains inmarketshare ina fairlydynamicenvironment
–Salesrevenue:+6.2%,production:+6.9%
–Orders fornewproducts: 8.3% (€37M)ofannualized sales, versus7.1%
in2013
–Acceleratedsales inQ4:+6.2%
•The most dynamic sectors: BG Safety and Mechanical Components
(Q4:+15.4%)
Commentsregardingbusinessactivity in2014andoutlook
■■
Gains inmarketshare ina fairlydynamicenvironment
■■
Successful implementationofallmajorprojects
■■
Thirdconsecutiveyearofmarginrecovery
Market
Global automotive markets were healthy in 2014 (+ 3.5%)
1
, including
in Europe (+ 5.4%) with the exception, however, of France (0, 3%). The
most dynamic manufacturers were Renault (+13%) and VW (+7%).
LISI AUTOMOTIVE believes that the sales revenue achieved in the
automotive sector alone has increased on average by 6.9%. Compared
to thedivision's+6.2% increase in revenues,additionalmarketsharewas
actuallycaptured.
The customers withwhom the division achieved its best performance
wereGerman carmakers andmajor international partsmanufacturers.
Orderstakenfornewproducts,expressed inannualizedsales,accounted
for8.3%,orabout€37M,versus€30M in2013 (7.1%ofsales).
1Source:ACEAAssociationofEuropeanCarMakers
Activity
In€M
2014
%Group
2013
Changes
Sales revenue
448.3
34%
422.2
+6.2%
EBIT
13.3
10%
11.3
+17.7%
Operatingcash flow
29.4
21%
26.4
+11.4%
NetCAPEX
-34.7
38%
-32.1
+7.9%
FreeCash-Flow
2
-12.7
NA
-6.2
+103.5%
Registeredemployeesatperiodend
3,186
30%
3,143
+1.4%
Full timeequivalentheadcount
3
3,334
31% 3,220
+3.5%
2FreeCashFlow:operatingcash flowminusnet industrialCAPEXandchanges inworkingcapital requirements.
3 Includingtemporaryemployees
