Earnings release
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FINANCIAL INFORMATION Quarterly Consolidated Sales 2021 In Єm 2020 • . lisi The LISI Group achieved consolidated sales of € M 860.7 over the first nine months of 2021 LISI AEROSPACE : Gradual improvement of business in a context of end of destocking in the aeronautical sector , High demand in " Engine Structural Components " , ahead of the " Fasteners " segment . LISI AUTOMOTIVE : Business strongly penalized by the consequences of the global shortage of electronic components among all manufacturers and parts manufacturers , Development and gradual ramp - up of new programs for hybrid and electric vehicles . 309 398 307 287 284 267 239 • LISI MEDICAL : Organic growth remained positive in the context of a return to normality in hospitals after the strong tensions generated by the COVID - 19 pandemic . In Єm Changes 2021 2020 2021 / 2020 2021/2020 on a like - for - like basis¹ Q1 309.4 397.9 - 22.2 % - - 18.8 % Q2 284.3 238.8 Q1 Q2 Q3 Q4 Q3 267.1 286.7 + 19.0 % - 6.8 % + 25.9 % - 7.0 % 3rd quarter ended 860.7 923.4 - 6.8 % - 3.6 % September 30 , EBIT * & Net Profit in ЄM ■ EBIT ■ Net profit 155.1 135.6 2018 92.1 69.8 41.5 2020 2019 * After participation and profit - sharing expenses 1 The change at constant scope and exchange rates is calculated : -37.3 by converting the sales of the companies whose financial statements are denominated in foreign currencies at the average rate of the year N - 1 or the month M - 1 ; by converting the sales invoiced in currencies other than the local currency at the average rate of the previous year or previous month M - 1 ; by restating the entries into or exits from the scope to ensure comparability of data . At € 860.7 million , consolidated sales for the first nine months of 2021 were down - 6.8 % , or - € 62.7 million compared to the same period of 2020 , taking the following aspects into consideration : • a scope effect of - € 11.0 million resulting from the following transactions : о о deconsolidation of LISI AUTOMOTIVE Mohr Friedrich GmbH on June 26 , 2020 , LISI MEDICAL Jeropa in the United States on January 11 , 2021 and LACE ( LISI AEROSPACE ) on March 4 , 2021 , for an impact of - € 14.8 million ( - 1.7 % of sales ) ; acquisition of B & E Manufacturing , consolidated since August 1 , 2021 ( see press release of July 23 , 2021 ) , i.e. a contribution of € 3.8 million ( + 0.4 % of sales ) ; ⚫ an unfavorable currency effect of - € 19.4 million ( i.e. - 2.2 % of sales ) , mainly tied to the weakening of average US dollar exchange rate against the euro . On a like - for - like basis and restated for the currency effect , the decline in consolidated sales is only - 3.6 % over the first nine months of the year ( of which - 7.0 % in Q3 ) . At a consolidated level , the Group keeps adapting its fixed costs structure to the activity level and benefits from the prolongation of the efforts initiated since mid - 2020 .