Brief: Leoni FY EBIT Loss Before Exceptional Items Narrows To EUR 59 Million

Leoni AG

17/03/2021 06:12

March 17 (Reuters) - LEONI AG  LEOGn.DE :
    * EXPECTS A SIGNIFICANT INCREASE IN GROUP SALES IN THE LOW
DOUBLE-DIGIT PERCENTAGE RANGE FOR 2021 COMPARED TO THE PREVIOUS
YEAR (2020: €4.1 BILLION)
    * 2021 GROUP EBIT BEFORE EXCEPTIONAL ITEMS AS WELL AS VALUE
21
COSTS IS EXPECTED TO IMPROVE SIGNIFICANTLY COMPARED TO THE
PREVIOUS YEAR (2020: €-59 MILLION)
    * THE BOARD OF DIRECTORS EXPECTS 2021 FREE CASHFLOW TO
DECREASE
SIGNIFICANTLY COMPARED TO THE PREVIOUS YEAR (2020: €-69 MILLION)
    * FY EBIT BEFORE EXCEPTIONAL ITEMS AS WELL AS BEFORE VALUE
21
COSTS OF €-59 MILLION WAS ABOVE THE PREVIOUS YEAR (2019: €-66
MILLION)
    * FY SALES OF €4.1 BILLION REMAINED SIGNIFICANTLY BELOW THE
PREVIOUS YEAR (2019: €4.8 BILLION)
    * FOR 2020, NO DIVIDEND WILL BE PROPOSED TO SHAREHOLDERS AT
THE
ANNUAL GENERAL MEETING

Source text: https://bit.ly/2Q2u8hR
Further company coverage:  LEOGn.DE 

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