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Leoni more than doubled its net income in 2011

15 February, 2012

Leoni generated record sales of EUR 3.7 billion in fiscal 2011, according to provisional calculations. The company thus increased its sales by one fourth compared with the previous year (2010: EUR 2.96 billion).

Leoni thereby again exceeded its sales forecast, having raised it twice in the course of fiscal 2011 and most recently to EUR 3.6 billion. The principal reason for this was the dynamic demand through to yearend from the automotive sector and the capital goods industry. From a regional perspective, the very strong increase in sales of cable harnesses and wiring systems for vehicles in the BRIC countries as well as the United States merits particular mention.

In terms of earnings before interest and taxes (EBIT), Leoni succeeded in generating a disproportionately strong increase of more than EUR 100 million. Having posted a figure of EUR 131 million in fiscal 2010, the Company attained the record level of EUR 237 million in the past financial year.

 

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