LISI GROUP - Integrated report 2023

4 2 0 2 3 I N T E G R A T E D R E P O R T EDITORIAL Maintaining and strengthening long-term strategic decisions In 2023 the Group consolidated its positions on its 3 markets with strong growth in overall activity to post sales revenue close to its historical records at €1,630.4 million. Despite this strong momentum, the economic and cyclical context, including high inflation on all expense and investment items as well as the recruitment difficulties already experienced during the previous financial year, did not make it possible to achieve the full potential of the expected activity. However, inflation was partly offset by increases in sales prices without compromising the commercial relationship. However, courageous and organized actions have reinforced our long-term strategic decisions. The Group has thus been rewarded by its customers for its innovations and its quest for performance: differentiation based on the two strategic pillars – operational excellence and innovation – is recognized as a major asset. The ability to attract new talent and retain know-how has been placed as a top priority. This action involves making an unprecedented effort on training, safety and quality of life at work. It therefore includes a major communication component. The Group’s long-term positioning will be reinforced by the effectiveness of its CSR policy – a key element in nourishing the employer brand – measured against an ambitious trajectory. The Group has had a historical responsibility for 250 years. This is expressed through its purpose: “Shape and Share Sustainable Links” with all of its stakeholders. Our confidence in the future remains intact if we relentlessly pursue our efforts towards excellence and if our strategic choices remain selective. Our ambition is to win the global battle for innovation and operational excellence by positioning ourselves in niches chosen for their strong differentiation. We believe in the quality of our teams, capable of meeting the challenges of tomorrow and adapting quickly to the volatile conditions of demanding markets. We are confident in the LISI Group’s ability to offer differentiating services to major clients. This long-term confidence is reflected by the strengthening in 2023 of the two founding family shareholders in majority control of the Group who have supported LISI’s growth for so long. We would like to thank all our stakeholders who make it possible to continue the wonderful LISI adventure. Emmanuel Viellard LISI CEO Jean-PhilippeKohler LISI Chairman