LISI Group achieved sales of €1.323 billion for the first nine months of 2024, up 8.6% compared to 2023, with LISI AEROSPACE up 20.7% on the same period and LISI AUTOMOTIVE and LISI MEDICAL finishing down 4.6% and 0.6% respectively.
LISI AEROSPACE sales totalled €742.2 million in the first nine months of 2024. The ‘Fasteners’ segment continued to benefit from the ramp up in single aisle aircraft production rates, and from strong demand for maintenance services linked to the sustained traffic in the commercial aircraft fleet. Third quarter sales rose by 26.8% in Europe and 22% in the United States, despite an unfavourable currency effect.
The resilience of the global commercial aeronautics market is reflected in high order levels, particularly at Airbus. Nevertheless, production rate increase ambitions have been postponed due to tensions throughout the aeronautical supply chain. The strike at Boeing since early September has halted assembly of the B737 MAX – around 38 aircraft per month. Although this stoppage has not yet had a significant impact on LISI AEROSPACE in the third quarter, it will weigh on general demand.
LISI AUTOMOTIVE division sales came to €447.2 million in the first nine months of 2024, down 4.6% on the same period in 2023. This takes into account the accelerated decline in sales in the third quarter, down 9.1% compared with the same period last year, particularly noticeable among OEMs.
LISI MEDICAL division sales came to €134.3 million in the first nine months of 2024. They were virtually stable, down 0.6% compared with the same period in 2023.
LISI AEROSPACE appoints strategic partner for net zero transition
LISI AEROSPACE has appointed Equity Energies to deliver bespoke energy management and decarbonisation solutions to further advance its net zero progress in the UK.
Through its consultancy offer, and proprietary technology, Equity Energies will develop and deliver a tailored energy management strategy and net zero pathway, helping the business meet the growing demand for emissions reductions while accelerating its decarbonisation through energy efficiency and waste reduction.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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