Brief: Leoni Says Operating Performance Improvement Continues In Q4 2020

Leoni AG

27/01/2021 19:43

Jan 27 (Reuters) - Leoni AG  LEOGn.DE :
    * DGAP-ADHOC: LEONI AG: OPERATING PERFORMANCE IMPROVEMENT
CONTINUES IN Q4 2020 RESULTING IN FREE CASH FLOW AND EBIT BEFORE
EXCEPTIONAL ITEMS AS WELL AS BEFORE VALUE 21 COSTS SIGNIFICANTLY
ABOVE ANALYST CONSENSUS
    * BASED ON PRELIMINARY, UNAUDITED FIGURES, BOARD OF
DIRECTORS
CURRENTLY EXPECTS SALES OF APPROXIMATELY EUR 1.27 BILLION FOR Q4
OF 2020
    * IN Q4 2020, EBIT BEFORE EXCEPTIONAL ITEMS AS WELL AS
BEFORE
VALUE 21 COSTS IS EXPECTED TO BE ABOUT EUR 63 MILLION (FY 2020:
ABOUT EUR -57 MILLION)
    * IN Q4 2020 FREE CASH FLOW IS EXPECTED TO BE APPROXIMATELY
EUR
126 MILLION
    * BOARD OF DIRECTORS CURRENTLY EXPECTS Q4 2020 FREE CASH
FLOW TO
BE POSITIVE AT APPROXIMATELY EUR 126 MILLION

Source text for Eikon:  ID:nEQ9Xwhh5a 
Further company coverage:  LEOGn.DE 

 ((Reuters.Briefs@thomsonreuters.com;))