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Leoni AG (LEOGn.DE)

LEOGn.DE on Xetra

37.31EUR
15 Aug 2018
Change (% chg)

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Prev Close
€37.31
Open
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Day's High
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Avg. Vol
198,483
52-wk High
€66.20
52-wk Low
€36.55

Latest Key Developments (Source: Significant Developments)

Leoni raises 2018 sales forecast to at least 5.1 bln eur
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Leoni AG ::6 MONTH SALES HIT NEW HIGH OF EUR 2.7 BILLION - ADJUSTED EBIT UP TO EUR 128 MILLION DESPITE MORE RESEARCH AND DEVELOPMENT SPENDING.SAYS SALES FORECAST FOR 2018 RAISED TO AT LEAST EUR 5.1 BILLION.SAYS CONSOLIDATED SALES WERE UP BY 7 PERCENT TO EUR 1.3 BILLION IN THE PERIOD FROM APRIL TO JUNE (Q2/2017: EUR 1.2 BILLION).EARNINGS BEFORE INTEREST AND TAXES (EBIT) AMOUNTED TO EUR 62 MILLION IN THE SECOND QUARTER.SAYS EBIT ADJUSTED FOR ALL NON-OPERATING FACTORS CAME TO EUR 64 MILLION IN THE SECOND QUARTER (Q2/2017: EUR 65 MILLION)..SAYS SEES 2018 CONSOLIDATED SALES WILL BE UP TO AT LEAST EUR 5.1 BILLION.SAYS WITH RESPECT TO CONSOLIDATED EBIT, LEONI STILL FORECASTS A RANGE OF BETWEEN EUR 215 AND 235 MILLION IN 2018.SAYS THE FULL-YEAR TARGET REFLECTS THE CONSIDERABLY BETTER QUALITY OF OPERATING EARNINGS THAN IN THE PREVIOUS YEAR (EUR 225 MILLION), WHICH INCLUDED NON-RECURRING INCOME OF EUR 30 MILLION.SAYS Q2 SALES REACHED 1.326 BILLION EUR, EBITDA 100 MILLION EUR, NET INCOME 41 MILLION EUR.  Full Article

Leoni's New CEO To Start A Month Earlier Than Planned
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Leoni AG ::NEW CEO ALDO KAMPER TO ASSUME POST ON SEPT. 1 ALREADY.CFO AND ACTING CEO KARL GADESMANN TO FOCUS ON HIS DUTIES AS FINANCE CHIEF AGAIN FROM SEPT. 1.  Full Article

Leoni says President & CEO Dieter Bellé to retire early on 31 Jan 2018
Monday, 23 Oct 2017 

Oct 23 (Reuters) - LEONI AG ::DGAP-ADHOC: LEONI AG: LEONI'S PRESIDENT & CEO DIETER BELLÉ TO RETIRE EARLY ON 31 JANUARY 2018.‍SUPERVISORY BOARD INTENDS TO APPOINT A SUCCESSOR SOON​.  Full Article

Leoni acquires majority stake in Adaptricity
Wednesday, 15 Feb 2017 

Leoni AG :Acquires majority stake in Adaptricity.  Full Article

BRIEF-Leoni AG aims for double-digit percentage sales growth in 2020-interim CEO

* INTERIM CEO SAYS CORRECTING EARLIER REMARKS ABOUT SALES GROWTH, SAYS AIMS FOR DOUBLE-DIGIT PERCENTAGE SALES GROWTH IN 2020, SALES GROWTH OF JUST BELOW 10 PERCENT IN 2019‍​ Further company coverage: (Frankfurt newsroom)