Leoni AG / Key word(s): Change in Forecast/Quarter Results
25.07.2011 09:53
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Leoni raises sales and earnings forecasts again after a strong second
quarter
Nuremberg, 25 July 2011 - Leoni AG of Nuremberg (ISIN DE 0005408884 / WKN
code 540888) has again noticeably raised its forecast for the current
financial year. The Management Board's projections for fiscal 2011 now are
sales of about EUR 3.6 billion and earnings before interest and taxes
(EBIT) of approximately EUR 230 million. The Company's previous estimates
were sales of about EUR 3.4 billion and EBIT of approximately EUR 210
million.
Decisive for the adjustment is the development of demand still being
significantly beyond expectation and leading to a strong business
performance in the second quarter again. Based on provisional figures,
Leoni generated once more record quarterly results with sales of about EUR
943 million and EBIT of roughly EUR 67 million from April to June. Thus, in
the first half of the year sales come to about EUR 1.854 billion and EBIT
to about EUR 129 million. The raised estimates are also based on continuous
positive business prospects for the second half of the year.
More comprehensive reporting with further key figures will follow as
scheduled on 9 August 2011 with presentation of the final business results
for the second quarter.
Contact for journalists
Sven Schmidt
Corporate Public & Media Relations
Phone +49 (0)911-2023-467
Fax +49 (0)911-2023-231
E-mail presse@leoni.com
Contacts for analysts and investors
Frank Steinhart / Susanne Kertz
Corporate Investor Relations
Phone +49 (0)911-2023-203 / -274
Fax +49 (0)911-2023-209
E-mail invest@leoni.com
25.07.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Leoni AG
MarienstraÃe 7
90402 Nürnberg
Germany
Phone: +49 (0)911 20 23-274
Fax: +49 (0)911 20 23-209
E-mail: invest@leoni.com
Internet: www.leoni.com
ISIN: DE0005408884
WKN: 540888
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Leoni raises sales and earnings forecasts again after a strong second quarter
| Source: EQS Group AG