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LISI 2016 FINANCIAL REPORT
Activity summary at December 31
12 MONTHS ENDING DECEMBER 31
2016
2015
Changes
KEY ELEMENTS OF THE INCOME STATEMENT
Sales revenue
€M
1,571.1
1,458.1
7.8%
EBITDA
€M
237.1
204.1
16.2%
EBITDA margin
%
15.1
14.0
+1.1 pt
Current operating profit (EBIT)
€M
157.5
146.5
7.5%
Current operating margin
%
10.0
10.0
-
Earnings attributable to holders of company equity
€M
107.0
81.8
30.9%
Net earnings per share
€
2.02
1.55
30.3%
KEY ELEMENTS OF THE CASH FLOW STATEMENTS
Operating cash flow
€M
195.8
154.2
+€41.6 M
Net CAPEX
€M
(119.6)
(111.5)
+€8.1 M
Free cash flow*
€M
73.5
39.6
+€33.9 M
KEY ELEMENTS OF THE FINANCIAL STRUCTURE
Net debt
€M
218.2
156.6
€61.6 M
Ratio of net debt to equity
25.2%
19.7%
+5.5 pts
* Free Cash Flow: operating cash flow minus net capital expenditure and changes in working capital requirements.
Breakdown of 2016 sales revenue
LISI AEROSPACE
LISI AUTOMOTIVE
LISI MEDICAL
8%
29%
63%
Breakdown of 2015 sales revenue
LISI AEROSPACE
LISI AUTOMOTIVE
LISI MEDICAL
5%
31%
64%
Social and societal information (Art. R 225‑105 of the Commercial
Code)
Throughout the year 2016, the subsidiaries of the LISI Group complied
with their regulatory obligations both through the negotiation of
labor agreements or the implementation of appropriate action plans:
employment of seniors, 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’s wish remains to protect the environment and make
safety at work a vehicle for continuous improvement and for its
performances to reach the level of excellence in these areas, while
controlling the professional risks 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 year-end 2016, the frequency rate of lost-time accidents that involved
an employee (TF0) was however downgraded to reach 10.6 per million
hours worked, while in 2015 it was 10.1. The frequency rate of accidents
with or without lost time (TF1) was 14.3; i.e. an almost stable TF1
compared to the data for 2015.
To consolidate its performance in this area, the Group has decided to
develop the E-HSE program (Excellence HSE) which aims at reinforcing
the LISI Group’s common culture in this area.
Environmental information (Art. R 225‑105)
For several years, the LISI Group was fully engaged in placing
environmental issues at the heart of its corporate culture in order to
turn them into intrinsic values.
FINANCIAL SITuaTION
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