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Leoni AG (LEOGn.DE)

LEOGn.DE on Xetra

25.51EUR
1:11pm GMT
Change (% chg)

€-0.08 (-0.31%)
Prev Close
€25.59
Open
€25.30
Day's High
€25.52
Day's Low
€24.75
Volume
127,008
Avg. Vol
292,246
52-wk High
€66.20
52-wk Low
€24.75

Latest Key Developments (Source: Significant Developments)

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

Leoni acquires majority stake in Adaptricity
Wednesday, 15 Feb 2017 

Leoni AG :Acquires majority stake in Adaptricity.  Full Article

German stocks - Factors to watch on Nov. 14

BERLIN, Nov 14 The following are some of the factors that may move German stocks on Wednesday: