Brief: Eqs-Adhoc Leoni AG Says Expect Q3 Group Sales From Continuing Operations Of Around EUR 955 MLn (Q3 2021: Eur 893 Mln)

Leoni AG

02/11/2022 18:20

Nov 2 (Reuters) - Leoni Ag  LEOGn.DE :
    * EQS-ADHOC: LEONI AG PRELIM FIGURES Q3: EBIT ADJUSTED
SIGNIFICANTLY IMPACTED BY VOLATILE CUSTOMER CALL-OFFS AND
PROVISIONS TO COVER CONTINGENT LOSSES, PRIMARILY BY FURTHER
EXPECTED COST INFLATION; OUTLOOK FY 2022
    * EXPECTS Q3 GROUP SALES FROM CONTINUING OPERATIONS(1) OF
AROUND
EUR 955 MILLION (Q3 2021: EUR 893 MILLION)
    * SEES Q3 EBIT BEFORE EXCEPTIONAL ITEMS FROM CONTINUING
OPERATIONS
OF AROUND EUR -56 MILLION
    * BOARD OF LEONI AG TODAY DECIDED TO REVISE FORECAST FOR
CURRENT
FINANCIAL YEAR 2022 COMPARED TO AD-HOC ANNOUNCEMENT OF 14 MARCH
2022
    * GROUP SALES FROM CONTINUING OPERATIONS ARE EXPECTED TO BE
AT
AROUND EUR 3.8 BILLION FOR 2022 FINANCIAL YEAR
    * FY 2022 EBIT BEFORE EXCEPTIONAL ITEMS FROM CONTINUING
OPERATIONS
IS EXPECTED TO BE IN HIGH, NEGATIVE DOUBLE-DIGIT MILLION-EURO
RANGE
    * REPORTED Q3  EBIT FROM CONTINUING OPERATIONS OF AROUND EUR
-71
MILLION (Q3 2021: EUR -20 MILLION)

Source text for Eikon:  ID:nEQ5hp4g1a 
Further company coverage:  LEOGn.DE 
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