Brief: Leoni AG Reports Preliminary Sales Q2 EUR 1.30 Bln

Leoni AG

29/07/2021 20:37

July 29 (Reuters) - Leoni AG  LEOGn.DE :
    * DGAP-ADHOC: LEONI GENERATES EBIT BEFORE EXCEPTIONAL ITEMS
AS
WELL AS BEFORE VALUE 21 COSTS AND FCF SIGNIFICANTLY ABOVE MARKET
EXPECTATIONS IN 2ND QUARTER OF 2021 AND RAISES OUTLOOK FOR SALES
& EARNINGS FOR 2021
    * BASED ON PRELIMINARY FIGURES FOR Q2  SALES AMOUNTED TO EUR
1.30
BILLION
    * QTRLY EBIT BEFORE EXCEPTIONAL ITEMS AS WELL AS BEFORE
VALUE 21
COSTS WAS EUR 48 MILLION
    * Q2 REPORTED EBIT WAS EUR 27 MILLION VERSUS IN Q2 2020 EUR
-129
MILLION
    * LEONI EXPECTS TO FACE A VARIETY OF CHALLENGES DURING
REMAINDER
OF YEAR
    * EXPECTS 2021 GROUP SALES OF AT LEAST EUR 5 BILLION
    * SEES EBIT BEFORE EXCEPTIONAL ITEMS AS WELL AS BEFORE VALUE
21
COSTS TO AT LEAST EUR 100 MILLION FOR FULL YEAR 2021
    * FOR FREE CASH FLOW, BOARD OF DIRECTORS CONTINUES TO EXPECT
A
SIGNIFICANT DECREASE IN 2021 COMPARED TO PREVIOUS YEAR (2020:
EUR -69 MILLION)

Source text for Eikon:  ID:nEQb5hmGBa 
Further company coverage:  LEOGn.DE 

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