LISI GROUP - Activity report 2019

LISI AEROSPACE A new organization In 2019, LISI AEROSPACE sold its subsidiaries Indraero Siren and LISI AEROSPACE Creuzet Maroc, specializing in sheet metal work and aerostructure assembly, to the fund managed by Quantum Capital Partners. Indraero Siren is located in Argenton-sur-Creuse and Déols, in France, where it employs 422 people. LISI AEROSPACE Creuzet Maroc employs 283 people in Casablanca. In 2018, this group generated sales of €61 million, relying on significant positions at Airbus and Safran. Strategic refocusing The LISI AEROSPACE division thus intends to consolidate its fasteners activity and focus on complex primary parts. It will focus in particular on the development of strategic technologies, such as forging, forming, and extrusion. Such streamlining makes it possible in particular to deploy an organization into three Business Groups (Europe Fasteners, North America Fasteners, Structural Components) that are commercially and industrially autonomous, but coordinated within the division. The objective is to provide quick responses, close to customer expectations and product requirements. 2019 A year of refocusing on high value‑added activities To adapt to an ever-changing environment, the LISI Group focuses on its higher value-added activities. Challenge 16 LISI 2019