LISI's Financial Performance in 2018 Reflects Lower Results and Increase in Free Cash Flow Amidst Volatile Markets
- Sales reached € 1,645.1 million, stable compared to 2017 (0.1%);
- Current operating income was down by almost 21%;
- Free Cash Flow* was largely positive at € 57.3 million, up from 2017 in a context of strong level of investments since several years.
The beginning of the 2019 financial year promises to be encouraging for the aerospace division in line with the fourth quarter of 2018. Visibility remains limited, however, especially in the car industry in the second half of the year. Assuming stable key markets, the Group aims in 2019 to return to a positive organic growth, to exceed its financial performance of 2018 thanks to the management measures already taken and to keep generating a largely positive Free Cash Flow.