Leoni posts Q1 operating loss on Ukraine war, higher costs

Leoni AG

29/04/2022 19:12

FRANKFURT, April 29 (Reuters) - German cable and harness
maker Leoni  LEOGn.DE , which supplies automakers with wire
harnesses crucial for car production, on Friday reported a
first-quarter operating loss, blaming supply chain bottlenecks,
inflation and effects of the war in Ukraine.
    The company swung to an operating loss before exceptional
items of 17 million euros ($17.97 million) in the first quarter,
down from a profit of 29 million in the same period last year,
it said, pointing to higher raw material, logistics and energy
costs.
($1 = 0.9460 euros)

 (Reporting by Christoph Steitz)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))