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24 I

LISI 2016 ANNUAL REPORT

Financing

future capabilities

_ Investment in the Group’s industrial capacity, together with

the pursuit of operational excellence, is one of the two drivers

underlying the strategy of LISI Group. Of the €120 million invested

in 2016, more than half is devoted to capacity building, productivity,

automation and robotics efforts to prepare the future and to set up

the means to address new markets.

120

€M

OF INDUSTRIAL CAPEX

7.6

%

OF 2016 SALES

STRATEGY > OPERATIONAL EXCELLENCE

Optimizing, modernizing and growing