Brief: Leoni: FY Sales To Stand At EUR 5.1 Bln

Leoni AG

23/03/2022 06:20

March 23 (Reuters) - LEONI AG  LEOGn.DE :
    * SALES FOR THE LEONI GROUP IN THE 2021 FINANCIAL YEAR WERE
UP BY
NEARLY ONE-QUARTER, TO STAND AT €5.1 BILLION (PREVIOUS YEAR:
€4.1 BILLION).
    * FY GROUP EBIT BEFORE EXCEPTIONAL ITEMS AS WELL AS BEFORE
VALUE
21 COSTS CAME TO €172 MILLION (PREVIOUS YEAR: -€59 MILLION),
    * OUTLOOK 2022: LEONI NOW EXPECTS LOWER SALES, LOWER EBIT
BEFORE
EXCEPTIONAL ITEMS AND LOWER FREE CASH FLOW
    * FREE CASH FLOW IMPROVED YEAR ON YEAR IN 2021 ON A
GROUP-WIDE
BASIS FROM -€74 MILLION1 TO -€12 MILLION.
    * RELIABLE QUANTIFICATION OF THE DIRECT AND INDIRECT IMPACT
OF THE
WAR IN UKRAINE ON THE 2022 FINANCIAL YEAR IS CURRENTLY
IMPOSSIBLE DUE TO HIGH UNCERTAINTY, AND THE FORECASTING ABILITY
IS SIGNIFICANTLY IMPAIRED.
    * FY WSD EBIT BEFORE EXCEPTIONAL ITEMS AS WELL AS BEFORE
VALUE 21
COSTS STOOD AT EUR 26 MILLION (PREVIOUS YEAR: -EUR 92 MILLION),
WHILE FIGURE FOR WCS WAS EUR 146 MILLION (PREVIOUS YEAR: EUR 34
MILLION)

Further company coverage:  LEOGn.DE 

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