LISI GROUP - Integrated report 2020

1 _ PROFILE LISI aims for a leadershipposition, among the two or three topplayers in each segment, in eachBusiness Group. During this financial year 2020, the LISI Group experienced an unprecedented situation with a sudden drop in demand. In 2020, sales amounted to €1,230 million, representing a loss of nearly €500 million compared to 2019, down 28.9%. Despite business collapsing across all three divisions, the Group has shown strong resilience of the main management indicators. LISI has succeeded in maintaining a good gross operating surplus, positive current operating income and record free cash flow (see p. 1). MANAGEMENT’S MESSAGE