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36 I
LISI 2016 ANNUAL REPORT
How did the division behave in 2016?
_ LISI AUTOMOTIVE’s sales revenue, up 2.3%
to €465.3 million, recorded a growth phase
for the third successive year. While the level
of growth in 2016 remains lower than the
volume of the European market, this trend
illustratesthedivision’swilltodevelopamore
selective offering, gearedmore towards high
value-added products. We are beginning to
measure the results of that phenomenon.
The operating margin increased for the
fourth consecutive year. The industrial
restructuring in Europe is fully completed
and operational performance is progressing
across all business groups. The supply chain
was mastered throughout the year, which
resultedinaparticularlyfinebalancebetween
production capacity and operating costs. The
Dasle site, in Doubs, had its first full year of
operation in its new configuration. The plant
at Saint-Florent-sur-Cher, in progress on
many operational indicators, remains below
the division’s standards. Also in France,
QUESTIONS TO
FRANÇOIS LIOTARD
CEO, LISI AUTOMOTIVE
Puiseux for clipped solutions and Melisey,
formechanical safety components, benefited
from the rise of new products, which went
very smoothly within the two business
groups.
What will be themomentum for 2017?
_ Nearly €48 million in sales are already
secured by the entry of existing parts on
new platforms, or by the referencing of
new multi-material, multi-technology
products, wh ich now cha r acter i z e
LISI AUTOMOTIVE’s offer. New orders
were placed w ith major European,
American or Korean OEMs, especially
for safety mechanical components and
clipped solutions. Business was also very
active with the German manufacturers,
especially in threaded fasteners. These
developments should enable the division
to increase its revenue and its customer
base.
What strategy do you intend
to implement?
_ The year 2017 is expected to consolidate
the results achieved. We will need to
manage expected increases on the
commoditiesmarket, whose levels should
be significant. To achieve this, wewill have
to continue the efforts of the past four
years in terms of operational excellence, to
further improve our efficiency. The LEAP
Improvement Program (LISI Excellence
Achievement Program) and the high level
of our industrial capital expenditures
will enable us to achieve this. Just like
the strengthening of our international
presence, particularly in China with
the planned relocation of the Beijing
plant early in the year. The division’s
repositioning on products with higher
added value, initiated in 2016, will finally
be a major focus to improve performance
and profitability.
“The
operatingmargin
of LISI AUTOMOTIVE grows
for the fourth consecutive year”
LISI AUTOMOTIVE
MARKETS & CHALLENGES