Brief: Leoni Q1 Sales At EUR 1.35 Bln

Leoni AG

03/05/2021 12:35

May 3 (Reuters) - LEONI AG  LEOGn.DE :
    * SALES, FREE CASH FLOW AND EBIT BEFORE EXCEPTIONAL ITEMS AS
WELL
AS BEFORE VALUE 21 COSTS SIGNIFICANTLY ABOVE MARKET EXPECTATIONS
IN Q1; INCREASED OUTLOOK FOR SALES AND EARNINGS IN 2021
    * SALES IN Q1 OF CURRENT FINANCIAL YEAR AMOUNTED TO EUR 1.35
BILLION (Q1 2020: EUR 1.13 BILLION)
    * Q1 EBIT BEFORE EXCEPTIONAL ITEMS AS WELL AS BEFORE VALUE
21
COSTS WAS EUR 39 MILLION (Q1 2020: EUR -17 MILLION)
    * RAISING ITS OUTLOOK FOR SALES AND EARNINGS FOR 2021
FINANCIAL
YEAR
    * OUTLOOK 2021: EXPECTS A SIGNIFICANT YEAR-ON-YEAR INCREASE
IN
GROUP SALES (2020: EUR 4.1 BILLION) (PREVIOUSLY: ONLY IN LOW
DOUBLE-DIGIT PERCENTAGE RANGE)

Source text for Eikon:  ID:nEQbf0fmza 
Further company coverage:  LEOGn.DE 

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