Brief: Leoni Q3 Sales Up At EUR 1.17 Mln

Leoni AG

10/11/2021 06:04

Nov 10 (Reuters) - LEONI AG  LEOGn.DE :
    * Q3 SALES UP AROUND TEN PERCENT YEAR-ON-YEAR AT € 1,169
MILLION
(PREVIOUS YEAR: € 1,064 MILLION)
    * CONSOLIDATED SALES FOR THE NINE-MONTH PERIOD AMOUNTED TO €
3,818
MILLION (PREVIOUS YEAR: € 2,865 MILLION)
    * EBIT BEFORE EXCEPTIONAL ITEMS AS WELL AS BEFORE VALUE 21
COSTS
OF € 29 MILLION (PREVIOUS YEAR: LOSS OF € 8 MILLION) IN Q3 AND
OF € 117 MILLION IN 9-MONTH (PREVIOUS YEAR: LOSS OF € 120
MILLION)
    * FREE CASH FLOW WAS CLEARLY NEGATIVE AT MINUS € 87 MILLION
IN THE
THIRD QUARTER (PREVIOUS YEAR: POSITIVE € 64 MILLION)
    * VALUE 21 UPDATE: ANNUAL GROSS COST SAVINGS POTENTIAL OF
MORE
THAN € 700 MILLION FROM 2022 ACHIEVED AS OF 30 SEPTEMBER 2021

Further company coverage:  LEOGn.DE 

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