Financial year 2018
Successful start for Leoni
The first three months of the year were very successful for Leoni. From January to March 2018, the solution provider for energy and data management in the automotive sector and other industries generated a 9 percent increase in consolidated sales to EUR 1.33 billion (previous year: EUR 1.22 billion), setting a new quarterly record.
Earnings before interest and taxes (EBIT) for the first quarter increased significantly from EUR 56 million in the previous year to EUR 63 million. This corresponds to an increase of 13 percent. This includes EUR 4 million (previous year: EUR 3 million) due to the application of the IFRS 15 accounting standard.
The Management Board confirms the annual forecast issued on March 20, 2018. Accordingly, the company expects sales of at least EUR 5 billion and EBIT of between EUR 215 and 235 million in 2018. Comprehensive reporting on the final results for the first quarter of 2018 will take place as planned on May 16, 2018. kp
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