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FINANCIAL SITUATION
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LISI 2015 FINANCIAL REPORT
Activity summary at December 31
12 months ending December 31
2015
2014
Changes
Key elements of the income statement
Sales revenue
€M 1,458.1
1,306.5
+11.6%
EBITDA
€M 204.1
193.2
+5.6%
EBITDA margin
%
14.0
14.8
-0.8 pt
Current operating profit (EBIT)
€M 146.5
131.7
+11.3%
Current operating margin
%
10.0
10.1
-0.1 pt
Earnings attributable to holders of company equity
€M 81.8
81.4
+0.5%
Net earnings per share
€
1.55
1.55
-
Key elements of the cash flow statements
Operating cash flow
€M 154.2
140.8
+€13.4M
Net CAPEX
€M (111.5)
(90.6)
+€20.9M
Free cash flow
1
€M 39.6
45.6
-€6.0M
Key elements of the financial structure
Net debt
€M 156.6
181.2
-€24.6M
Ratio of net debt to equity
19.7%
25.6% -5.9 pts
1 Free Cash Flow: operating cash flow minus net industrial CAPEX and changes in working capital requirements.
Breakdown of 2015 sales revenue
Breakdown of 2014 sales revenue
60%
LISI AEROSPACE
35%
LISI AUTOMOTIVE
5%
LISI MEDICAL
Social and societal information (Art. R 225-105 of the
Commercial Code)
Throughout the year 2015, LISI Group subsidiaries complied
with their regulatory obligations, both through the negotiation
of labor agreements and the implementation of appropriate
action plans: employment of senior workers, gender equality,
disabled workers, well-being at work.
The LISI Group Senior Management is involved at its highest
levels in the areas of health, safety and the environment.
At all levels, the LISI Group has as its objective to make
environmental friendliness and workplace safety a vector of
continuous improvement and to reach the level of performance
excellence in these areas, while keeping control over the
occupational hazards generated by its activities.
In order to ensure and achieve this goal, LISI has adopted an
HSE (Health Safety Environment) policy and organization to
identify key areas for improvement, prioritize goals, and derive
the appropriate actions. This policy and this organization are
based on the international OHSAS 18001 standard (international
standard governing the management system of health and
safety at work).
At the end of 2015, however, the frequency rate of lost-time
accidents that involved an employee (TF0) increased to reach
10.2 per million hours worked, whereas in 2014 it was 8.7
without the consolidation of the hours for Manoir Aerospace.
The frequency rate of accidents with or without stoppage (TF1)
stood at 14.4, an increase of 0.7 points compared to 2014, which
did not include the data for Manoir Aerospace. This decline
64%
LISI AEROSPACE
31%
LISI AUTOMOTIVE
5%
LISI MEDICAL