DGAP-Adhoc: Leoni AG: Leoni with earnings above market expectations in 1st half of 2016

Leoni AG  / Key word(s): Half Year Results

21.07.2016 16:22

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Leoni with earnings above market expectations in 1st half of 2016

Nuremberg, 21 July 2016 - Based on provisional calculations as of today,
Leoni AG of Nuremberg (ISIN DE 0005408884 / WKN 540888) estimates earnings
before interest and taxes (EBIT) of about EUR 62 million for the first half
of 2016. This figure already accounts for restructuring expenses of about
EUR 21 million; adjusted for this item, consolidated EBIT for the period
from January to June will have come to approximately EUR 83 million.
Alongside operational improvements, favourable, exceptional factors,
involving primarily exchange rate fluctuation and the reversal of
provisions, contributed to outperforming market expectations. In terms of
sales, the Company is on budget with approx. EUR 2.24 billion at the half-
year mark.

EBIT for the second quarter amounts to about EUR 38 million or, excluding
restructuring costs, to approx. EUR 56 million.

As forecast, Leoni expects for seasonal reasons to generate slightly less
sales in the 2nd half than it did in the first. Moreover, there are
unlikely to be any further exceptional items of a comparable extent. Leoni
will thus keep its now rather conservative full-year EBIT guidance
unchanged at EUR 105 million, which allows for restructuring expenses of
EUR 30 million.

A comprehensive report on the results of the 2nd quarter of 2016 will be
released on 10 August 2016 as scheduled.


Contact 
Sven Schmidt
Press Officer
Leoni AG
Phone +49 (0)911-2023-467
Fax +49 (0)911-2023-231
E-mail sven.schmidt@leoni.com


21.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      Leoni AG
              Marienstraße 7
              90402 Nürnberg
              Germany
Phone:        +49 (0)911 20 23-234
Fax:          +49 (0)911 20 23-382
E-mail:       veroeffentlichung@leoni.com
Internet:     www.leoni.com
ISIN:         DE0005408884
WKN:          540888
Indices:      MDAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, EUREX Bonds, EUREX
              Repo, Hamburg, Hanover, Munich, Stuttgart, Tradegate
              Exchange; Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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