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Leoni AG (LEOGn.DE)

LEOGn.DE on Xetra

13.16EUR
1:52pm BST
Change (% chg)

€0.10 (+0.77%)
Prev Close
€13.06
Open
€13.12
Day's High
€13.23
Day's Low
€12.76
Volume
132,774
Avg. Vol
356,119
52-wk High
€38.00
52-wk Low
€8.08

Latest Key Developments (Source: Significant Developments)

Leoni Builds New Plant Section For EC Charging Cables And High-Voltage Cables
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Leoni AG ::LEONI BUILDING NEW PLANT SECTION FOR EC CHARGING CABLES AND HIGH-VOLTAGE CABLES - FOUNDATION-LAYING CEREMONY FOR NEW EMOMEX BUILDING IN CUAUHTÉMOC, CHIHUAHUA.COMPANY’S WIRE & CABLE SOLUTIONS DIVISION (WCS) WILL BE ENLARGING ITS FACILITY IN CUAUHTÉMOC, MEXICO BY 7000 SQUARE METRES WITH THE OPTION FOR A FURTHER 3000 SQUARE METRES.  Full Article

Leoni Sees 2019 Sales Moderately Below Previous Year's Level
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Leoni AG ::LEONI MAKES GOOD PROGRESS IN IMPLEMENTING VALUE 21 - CHALLENGING MARKET ENVIRONMENT IMPACTS OPERATING RESULT.WEAKER MARKET ENVIRONMENT IMPACTS SALES AND EARNINGS DEVELOPMENT IN THE SECOND QUARTER.THE PRODUCTION SITUATION IN MERIDA HAS STABILISED; BURDENS RELATING TO PROJECT RAMP-UP HAVE ALMOST COMPLETELY CEASED.RAPID IMPLEMENTATION OF VALUE 21 RESULTS IN FIRST COSTS IN THE SECOND QUARTER; APPROXIMATELY 20 PERCENT OF INITIATIVES ALREADY SUCCESSFULLY IMPLEMENTED.FREE CASH FLOW IMPROVED SIGNIFICANTLY DURING THE YEAR AS EXPECTED.STRATEGIC DEVELOPMENT CONTINUES TO BE DRIVEN BY WCS CARVE-OUT PROCESS.GROUP EBIT IN THE SECOND QUARTER OF 2019 WAS EUR -14 MILLION BEFORE VALUE 21 COSTS (TOTALLING EUR 17 MILLION), COMPARED TO EUR 62 MILLION IN THE SECOND QUARTER OF 2018.EXPECTS SALES FOR THE FINANCIAL YEAR 2019 WILL BE MODERATELY BELOW THE PREVIOUS YEAR’S LEVEL.GIVEN EXPECTATIONS FOR A BETTER EBIT DEVELOPMENT IN THE SECOND HALF OF 2019, GROUP EBIT IN 2019 PRIOR TO EXCEPTIONAL ITEMS AS WELL AS VALUE 21 COSTS WILL BE UP TO A NEGATIVE MID DOUBLE-DIGIT MILLION-EURO FIGURE.LEONI’S FULL-YEAR FREE CASH FLOW WILL BE IN THE RANGE OF PLUS OR MINUS A LOW DOUBLE-DIGIT EUR MILLION COMPARED TO THE LEVEL REPORTED IN THE FIRST HALF OF 2019.  Full Article

Leoni CEO Says Q2 More Or Less In Line With Our Expectations
Wednesday, 15 May 2019 

May 15 (Reuters) - Leoni AG ::SAYS HAVE FOUND NEW CFO WITH RESTRUCTRUNG EXPERIENCE WHO WILL START BY OCT 1 -CALL.CEO SAYS WE HAVE TO REFINANCE 200 MILLION EUROS LOAN BY MARCH 2020, OUR BANK LOANS DO NOT INCLUDE COVENANTS.CEO SAYS Q2 MORE OR LESS IN LINE WITH OUR EXPECTATIONS, WE HAVE TO DEAL WITH MARKET UNCERTAINTIES.  Full Article

Leoni Could Make Losses This Year - CEO
Monday, 18 Mar 2019 

March 18 (Reuters) - Leoni Chief Executive Officer in analyst call::SIGNIFICANTLY LOWER ORDER VOLUME THIS YEAR.WE COULD MAKE LOSSES THIS YEAR.FROM TODAY'S PERSPECTIVE, A CAPITAL INCREASE IS NOT AN OPTION.WE ARE STILL OPEN FOR STRATEGIC PARTNERSHIPS, EVALUATING CASE-BY-CASE.  Full Article

Leoni Scraps 2019 Outlook, Launches Cost Cuts, CFO Resigns
Sunday, 17 Mar 2019 

March 17 (Reuters) - Leoni AG ::DECIDES ON IMPLEMENTATION OF ITS VALUE 21 PERFORMANCE AND STRATEGY PROGRAMME AND REVISES OUTLOOK FOR 2019.SAYS NO LONGER ABLE TO MAINTAIN ITS OUTLOOK FOR FISCAL 2019 PRESENTED ON 7 FEBRUARY, NO NEW GUIDANCE.CITES GREATER COSTS INCURRED DUE TO RAMP-UP DIFFICULTIES AT PLANT IN MERIDA, PERSISTENTLY POOR OPERATING PERFORMANCE IN WIRING SYSTEMS DIVISION AND A FURTHER DOWNTURN IN MARKET.SAYS NOT PROVIDING AN UPDATED GUIDANCE FOR 2019.SAYS NOW ESTIMATES ABOUT EUR 50 MILLION BURDEN DUE TO MERIDA FOR 2019.SAYS FACING A FURTHER CHALLENGING MARKET ENVIRONMENT, PARTICULARLY IN CHINA.SAYS TODAY TO IMPLEMENT ITS VALUE 21 PERFORMANCE AND STRATEGY PROGRAMME.SAYS AS OF 2022, VALUE 21 IS EXPECTED TO DELIVER FULL RUN RATE STRUCTURAL SAVINGS OF AROUND EUR 500 MILLION ANNUALLY COMPARED WITH 2018.SAYS NET BENEFIT OF VALUE 21 SHOULD LEAD TO AN EBIT MARGIN IMPROVEMENT OF 2 TO 3 PERCENTAGE POINTS COMPARED WITH 2018 OVER COURSE OF NEXT THREE YEARS.SAYS PROGRAMME ENTAILS RESTRUCTURING COSTS AMOUNTING TO ABOUT EUR 120 MILLION, AROUND HALF OF IT RELATED TO HEADCOUNT AND MOST OF WHICH WILL INCUR IN 2019 AND 2020 FINANCIAL YEARS.SAYS HAS IDENTIFIED BUSINESS AREAS WITH ANNUAL SALES OF UP TO EUR 500 MILLION FOR WHICH COMPANY IS CONSIDERING ALL OPTIONS.SAYS INTENDS TO CHANGE ITS CORPORATE STRUCTURE INTO A FINANCE HOLDING COMPANY.SAYS KARL GADESMANN HAS RESIGNED HIS MANDATE AS LEONI AG’S CHIEF FINANCIAL OFFICER, WHICH RUNS UNTIL 31 DECEMBER 2019 WITH IMMEDIATE EFFECT..  Full Article

Leoni Says Challenges Of Q3 Will Probably Continue In 2019
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Leoni AG ::GENERATED A SLIGHT YEAR-ON-YEAR INCREASE IN ITS CONSOLIDATED SALES TO EUR 1.21 BILLION IN THE 3RD QUARTER.EARNINGS BEFORE INTEREST AND TAXES (EBIT) AMOUNTED TO EUR 38 MILLION IN THE 3RD QUARTER.CONSOLIDATED NET INCOME AMOUNTED TO EUR 23 MILLION IN THE 3RD QUARTER.WEAK Q3 HAS CONFRONTED US WITH CHALLENGES THAT WILL PROBABLY BE WITH US BEYOND THE CALENDAR YEAR.HAVE LAUNCHED A PERFORMANCE AND STRATEGY PROGRAMME CALLED VALUE 21.ALSO INTEND TO ALIGN OUR GROWTH OPPORTUNITIES EVEN MORE CLOSELY WITH EARNINGS QUALITY.SEES FY CONSOLIDATED SALES OF ABOUT EUR 5 BILLION, EBIT AROUND EUR 196 MILLION.  Full Article

Leoni AG aims for double-digit percentage sales growth in 2020-interim CEO
Tuesday, 20 Mar 2018 

March 20 (Reuters) - Leoni Ag ::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​.  Full Article

Leoni AG Interim CEO Says Expecting Sales Growth Of "Significantly" Above 10 Percent For 2019 And 2020‍​
Tuesday, 20 Mar 2018 

March 20 (Reuters) - Leoni Ag ::INTERIM CEO SAYS EXPECTING SALES GROWTH OF "SIGNIFICANTLY" ABOVE 10 PERCENT FOR 2019 AND 2020‍​.  Full Article

Leoni Proposes Dividend Of 1.40 Euros Per Share
Tuesday, 20 Mar 2018 

March 20 (Reuters) - LEONI AG ::DIVIDEND OF 1.40 EUROS PER SHARE PROPOSED.FOR THE CURRENT FINANCIAL YEAR, LEONI EXPECTS SALES TO RISE TO AT LEAST € 5 BILLION‍​.SEES FY 2018 GROUP EBIT TO RANGE BETWEEN EUR 215 MILLION AND EUR 235 MILLION.PLANS FOR 2018 AN INVESTMENT RATIO OF ABOUT 5 PERCENT OF SALES.SEES EBIT MARGIN AMOUNTING TO AT LEAST 5 PERCENT IN 2020.SEES TO ACHIEVE AVERAGE ANNUAL GROWTH RATE OF SALES OF MORE THAN 5 PERCENT BY 2020.  Full Article

Leoni Says Aldo Kamper Appointed CEO
Thursday, 15 Mar 2018 

March 15 (Reuters) - LEONI AG ::ALDO KAMPER TO BE NEW PRESIDENT & CEO OF LEONI AG.HAS TODAY APPOINTED ALDO KAMPER AS NEW PRESIDENT & CEO OF LEONI AG EFFECTIVE 1 OCTOBER 2018.  Full Article

German stocks - Factors to watch on August 14

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