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LEONI AG

LEOGn.DE

Latest Trade

12.67EUR

Change

0.50(+4.07%)

Volume

226,278

Today's Range

12.23

 - 

12.92

52 Week Range

8.08

 - 

34.70

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Leoni CEO Says Sale Of Cable Business Is More Likely Than IPO

Nov 13 (Reuters) - Leoni AG <LEOGn.DE>::LEONI CEO SAYS WE ARE SEEING MUCH INTEREST IN CABLE BUSINESS.LEONI CEO SAYS SALE OF CABLE BUSINESS IS MORE LIKELY THAN IPO BECAUSE OF MARKET CONDITIONS.LEONI CEO SAYS THERE IS NO SALE UNDER TIME PRESSURE, IF MARKET ENVIRONMENT IS NOT APPROPRIATE, WE WILL NOT SELL.LEONI CEO SAYS THERE ARE STRATEGIC AND FINANCIAL INVESTORS AMONG INTERESTED IN SALE, INTERESTED PARTIES ARE FROM MULTIPLE WORLD REGIONS.

Leoni Q3 Negative EBIT Of EUR 67 Mln

Nov 13 (Reuters) - LEONI AG <LEOGn.DE>::CONSOLIDATED SALES IN THE THIRD QUARTER OF 2019 DECREASED BY APPROXIMATELY 4 PERCENT YEAR ON YEAR TO EUR 1,155 MILLION..Q3 NEGATIVE EBIT OF EUR 67 MILLION (PREVIOUS YEAR: EARNINGS OF EUR 38 MILLION).FREE CASH FLOW IMPROVED SIGNIFICANTLY TO NEGATIVE EUR 12 MILLION IN THE THIRD QUARTER (PREVIOUS YEAR: NEGATIVE EUR 141 MILLION).REITERATES THE OUTLOOK FOR THE FULL FISCAL YEAR 2019.

Leoni Builds New Plant Section For EC Charging Cables And High-Voltage Cables

Aug 15 (Reuters) - Leoni AG <LEOGn.DE>::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.

Leoni Sees 2019 Sales Moderately Below Previous Year's Level

Aug 14 (Reuters) - Leoni AG <LEOGn.DE>::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.

Leoni Plans Stock Market Listing Or Sale Of Its Wire & Cable Solutions Division

July 9 (Reuters) - Leoni AG <LEOGn.DE>::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.

Leoni Appoints Ingrid Jägering As CFO

May 21 (Reuters) - Leoni AG <LEOGn.DE>::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.

Leoni CEO Says Q2 More Or Less In Line With Our Expectations

May 15 (Reuters) - Leoni AG <LEOGn.DE>::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.

Leoni books loss of 125 mln in first quarter, weighs financing options

May 14 (Reuters) - Leoni AG <LEOGn.DE>::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.

Leoni Could Make Losses This Year - CEO

March 18 (Reuters) - Leoni <LEOGn.DE> 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.

Leoni Scraps 2019 Outlook, Launches Cost Cuts, CFO Resigns

March 17 (Reuters) - Leoni AG <LEOGn.DE>::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..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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