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Leoni AG (LEOGn.DE)

LEOGn.DE on Xetra

12.88EUR
17 Jul 2019
Change (% chg)

€-0.56 (-4.17%)
Prev Close
€13.44
Open
€13.59
Day's High
€13.59
Day's Low
€12.86
Volume
267,887
Avg. Vol
361,987
52-wk High
€45.27
52-wk Low
€12.68

Latest Key Developments (Source: Significant Developments)

Leoni Plans Stock Market Listing Or Sale Of Its Wire & Cable Solutions Division
Wednesday, 10 Jul 2019 

July 9 (Reuters) - Leoni AG ::DGAP-ADHOC: LEONI AG: LEONI PLANS STOCK MARKET LISTING OR SALE OF ITS WIRE & CABLE SOLUTIONS DIVISION.PREPARING A SEPARATION OF ITS WIRE & CABLE SOLUTIONS DIVISION THROUGH A A STOCK MARKET LISTING OR SALE, INCLUDING OPTION OF A PARTIAL SALE.TO DATE, NO FINAL DECISION HAS BEEN TAKEN IN THIS REGARD.FOLLOWING A POTENTIAL SEPARATION, LEONI'S PRIMARY FOCUS WOULD BE ON DEVELOPMENT OF ITS WIRING SYSTEMS DIVISION (WSD).LEONI HAS BEGUN TO MANDATE RESPECTIVE ADVISORS.LEONI IS WORKING ON ITS REFINANCING REQUIREMENTS FOR WHICH ALL OPTIONS ARE BEING CONSIDERED.LEONI- IMPLEMENTATION OF VALUE 21 PROGRAMME TO ACHIEVE SUSTAINABLE GROSS COST SAVINGS TARGETS OF EUR 500 MILLION PER YEAR BY 2022 FOR EXISTING GROUP.LEONI IS WORKING ON ITS REFINANCING REQUIREMENTS FOR WHICH ALL OPTIONS ARE BEING CONSIDERED.  Full Article

Leoni Appoints Ingrid Jägering As CFO
Tuesday, 21 May 2019 

May 21 (Reuters) - Leoni AG ::APPOINTS INGRID JÄGERING AS CFO.INGRID JAEGERING WILL TAKE OFFICE AT THE LATEST ON 1 OCTOBER 2019.THERE ARE CURRENTLY NEGOTIATIONS ABOUT HER TAKING OFFICE AT AN EARLIER POINT IN TIME.  Full Article

Leoni books loss of 125 mln in first quarter, weighs financing options
Tuesday, 14 May 2019 

May 14 (Reuters) - Leoni AG ::DGAP-ADHOC: LEONI AG: FIRST-QUARTER BUSINESS FIGURES: LEONI BURDENED BY ONE-TIME EFFECTS - TANGIBLE IMPROVEMENT IN EBIT AND FREE CASH FLOW IN THE COURSE OF THE YEAR EXPECTED.SAYS REASSESSMENT LED TO NON-CASH WRITE-DOWNS IN Q1 OF TANGIBLE AND INTANGIBLE ASSETS BY EUR 67 MILLION AS WELL AS TO PROVISIONS OF EUR 35 MILLION PRIMARILY FOR LOSSES EXPECTED ON EXISTING ORDERS IN FUTURE.SAYS LEONI EXPECTS A FURTHER NEGATIVE EBIT-IMPACT OF APPROXIMATELY EUR 20 MILLION LARGELY TO BE BOOKED IN Q2 2019.SAYS ADJUSTED FOR NON-RECURRING ITEMS AND CHARGES INCURRED IN MERIDA, LEONI'S GROUP-WIDE EBIT STABILISED COMPARED WITH 4TH QUARTER OF 2018 - IN OPERATING TERMS - TO A FIGURE OF EUR 14 MILLION.SAYS REPORTED EBIT FOR Q1 WAS A LOSS OF EUR 125 MILLION (Q1/2018: EARNINGS OF EUR 63 MILLION).SAYS EBITDA AMOUNTED TO A LOSS OF EUR 76 MILLION (Q1/2018: EUR 101 MILLION) AND SALES AMOUNTED TO EUR 1.262 BILLION (Q1/2018: EUR 1.327 BILLION).SAYS FREE CASH FLOW AMOUNTED TO NEGATIVE EUR 313 MILLION AT END OF Q1 OF 2019 (Q1/2018: NEGATIVE EUR 111 MILLION).SAYS IT IS FURTHER INTENDED, BEFORE VALUE 21 RELATED EFFECTS, TO ACHIEVE A NEUTRAL FREE CASH FLOW IN GROUP IN COMING FINANCIAL YEAR.SAYS COMPANY IS CONSIDERING ALL OPTIONS FOR ENSURING ITS LONG-TERM FINANCING BASIS.  Full Article

Leoni Says H2 Will Be Better Then H1
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Leoni AG CEO::PROBLEMS WE ARE FACING ARE MAINLY HOME-MADE.WE MUST SLOW DOWN, WE ARE OVERSTRESSING THE COMPANY.  Full Article

Leoni Reports Preliminary Figures For FY 2018, Outlook For 2019 And Proposal To Suspend Dividend
Friday, 8 Feb 2019 

Feb 7 (Reuters) - Leoni AG ::DGAP-ADHOC: LEONI AG: PRELIMINARY FIGURES FOR FINANCIAL YEAR 2018, OUTLOOK FOR 2019 AND PROPOSAL TO SUSPEND THE DIVIDEND.SAYS BASED ON PRELIMINARY CALCULATIONS, WIRING SYSTEMS DIVISION GENERATED SALES OF EUR 772 MILLION IN Q4 OF 2018 (Q4/2017: EUR 806 MILLION).IN Q4 CO INCURRED PRELIMINARY SALES OF EUR 1.2 BILLION.FOR FINANCIAL YEAR 2018, COMPANY HAD MOST RECENTLY ESTIMATED SALES OF ABOUT EUR 5.0 BILLION.BOARD OF DIRECTORS AND SUPERVISORY BOARD INTEND TO DIVERGE FROM THEIR EXISTING DIVIDEND POLICY.FOR FINANCIAL YEAR 2018, CO EBIT OF APPROXIMATELY EUR 196 MILLION.SAYS IT IS PLANNED TO PROPOSE TO SHAREHOLDERS AT 2019 ANNUAL GENERAL MEETING TO SUSPEND DIVIDEND FOR FINANCIAL YEAR 2018..BOARD OF DIRECTORS PROJECTS SALES OF ABOUT EUR 5.2 BILLION FOR 2019.LEONI FORECASTS AN EBIT BETWEEN EUR 100 MILLION AND EUR 130 MILLION AND FREE CASH FLOW FOR 2019.BASED ON THESE EXPECTATIONS FOR 2019, COMPANY WILL NOT MEET ITS PREVIOUS MEDIUM-TERM TARGETS FOR 2020.SAYS IN Q4 OF FINANCIAL YEAR 2018 LEONI AG INCURRED PRELIMINARY EARNINGS BEFORE INTEREST AND TAX (EBIT) OF EUR -19 MILLION.PRELIMINARY EBIT OF EUR 144 AND FREE CASH FLOW OF EUR -147 MILLION IN FY 2018.  Full Article

Leoni Q3 EBIT Down At EUR 38 Million, Cuts FY Outlook
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Leoni AG ::LEONI ADJUSTS GUIDANCE FOR 2018.REASSESSMENT OF SALES AND EBIT IS DUE MAINLY TO A VOLATILE MARKET SETTING.ESTIMATE OF FREE CASH FLOW HAS BEEN ADJUSTED FOR ONGOING, SUBSTANTIAL INVESTMENT.FY CONSOLIDATED SALES WILL BE UP SLIGHTLY TO ABOUT EUR 5.0 BILLION INSTEAD OF AT LEAST EUR 5.1 BILLION (2017: EUR 4.9 BILLION).FY EBIT WILL AMOUNT TO ABOUT LEVEL OF EUR 196 MILLION.Q3 SALES SUPPORTED BY A HIGH COPPER PRICE FELL SHORT OF EXPECTATIONS WITH A FIGURE OF EUR 1.2 BILLION.LEONI WILL NOT ACHIEVE ITS AMBITIOUS GOAL OF GENERATING NEUTRAL FREE CASH FLOW BEFORE DIVIDEND PAYOUT IN CURRENT FINANCIAL YEAR.NOW ANTICIPATES A NEGATIVE FIGURE OF UP TO EUR 150 MILLION BEFORE DIVIDEND..CAPEX RATIO IS STILL PROJECTED AT 5 PERCENT OF SALES (EXCLUDING SPENDING ON FACTORY OF FUTURE).Q3 EBIT EUR 38 MILLION (Q3/2017: EUR 45 MILLION).Q3 FREE CASH FLOW AMOUNTED TO NEGATIVE EUR 141 MILLION IN SAME PERIOD (Q3/2017: NEGATIVE EUR 35 MILLION).  Full Article

Leoni And Diehl Agree Strategic Partnership
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Leoni AG ::LEONI AND DIEHL HAVE AGREED A STRATEGIC PARTNERSHIP COVERING BATTERY SYSTEMS FOR ELECTRIC AND HYBRID VEHICLES.  Full Article

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

Germany's Leoni explores sale or listing of its wire and cables business

MUNICH Germany's Leoni is exploring a sale or flotation of its wire and cables division as part of a broader review of the company's group structure, Chief Executive Aldo Kamper told Reuters.