2022 Operating Results
Published on 27 February 2023
LISI AUTOMOTIVE sales amounted to €557.6 M (+15.1 % compared to the same period of the previous financial year). Favorable impact linked to the soaring US dollar and the partial pass-through of inflation on sales prices.
At constant exchange rates, it increased by +11.3%. Compared to +3.5 % growth in the worldwide production of the division’s customers, this performance once again demonstrates our ability to gain new market shares. We maintain a very good momentum in order intake for new products, which increased by +22.8 % to 12.8 % of sales for the year (12.0 % in 2021), i.e. approximately €70 M (€57 M in 2021): a record-breaking result!
These order intakes are particularly well oriented in our Threaded Fasteners business group which are gradually evolving from chassis / combustion engine applications towards high value-added applications for the optimization of assemblies intended mainly for the electric vehicle markets (such as the assembly of battery trays).
As for the outlook on 2023, in the short term, we will continue to adapt our production capacities to the volatility of demand from our customers who are still expected to face semiconductor supply difficulties. At the same time, we will continue our development programs and the industrialization of new high value-added products intended for the growing needs of the market in terms of electromobility.