Leoni AG: Leoni expects weaker business in the fourth quarter

Leoni AG  / Key word(s): Preliminary Results/Forecast

22.10.2012 18:27

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Leoni expects weaker business in the fourth quarter

Nuremberg, 22 October 2012 - Leoni AG of Nuremberg (ISIN DE 0005408884 /
WKN code 540888) has recorded a stable trend in business during the third
quarter of 2012. Based on provisional calculations, consolidated sales for
the period from July to September 2012 amounted to about EUR 954 million
and therefore nearly the level of the preceding quarters (Q1/2012: EUR
969.1 million; Q2/2012: EUR 967.6 million). With about EUR 52.5 million,
earnings before interest and taxes (EBIT) for the third quarter of the
current year slightly exceeded the figure for the preceding three-month
period (Q2/2012: EUR 50.8 million).

Based on the latest developments in particular in the automotive market,
Leoni expects its business to weaken during the remaining three months of
its current financial year. With a view to its full-year forecast, the
Company therefore expects to attain sales of about EUR 3.75 billion
(previously: EUR 3.8 to 3.9 billion). Due to the lack of profit
contribution resulting from reduced sales and due to exceptional factors
the Company expects EBIT of about EUR 235 million (previously: EUR 255 to
275 million). The non-recurring effect from the sale of Leoni Studer Hard
AG is already included in this figure.

More comprehensive reporting with further key figures will follow as
scheduled on 13 November 2012 with presentation of the final business
results for the third quarter.


Contact 
Sven Schmidt
Corporate Public & Media Relations
Phone +49 (0)911-2023-467
Fax +49 (0)911-2023-231
E-mail presse@leoni.com


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Language:     English
Company:      Leoni AG
              Marienstraße 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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