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MarketScreener Homepage  >  Equities  >  Xetra  >  LEONI AG    LEO   DE0005408884

LEONI AG

(LEO)
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Delayed Quote. Delayed Xetra - 08/07 11:37:39 am
7.24 EUR   -0.75%
08/06LEONI AG : Receives a Sell rating from Hauck & Aufhauser
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07/23LEONI AG : Gets a Sell rating from JP Morgan
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06/26German companies seek state aid to cope with coronavirus
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Germany's Leoni explores sale or listing of its wire and cables business

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07/29/2019 | 09:55am EDT
FILE PHOTO: Workers of Leoni industries assemble electric parts for vehicles to be exported to Brazil in San Lorenzo

(This July 10 story corrects second paragraph to say Leoni explores sale or listing of its wire and cables business)

MUNICH (Reuters) - Germany's Leoni is exploring a sale or flotation of its wire and cables division as part of a broader review of the company's group structure, Chief Executive Aldo Kamper told Reuters.

Leoni said it will explore a listing or partial sale of its wire and cable solutions (WCS) business, which supplies the healthcare, factory automation, transportation and automotive markets, separating it from its wiring systems division (WSD).

"We need the proceeds to invest into our wiring systems division. With this step we give ourselves new funding opportunities," Kamper said on Wednesday.

Leoni wants to broaden the product range in its wiring systems division to capture a greater share of business from the auto industry, particularly in energy and data management, the company said.

The Cable and wiring system specialist also wants to offer engineering, design and simulation services.

Leoni brought in Kamper as its chief executive in September 2018, after cutting its 2018 targets. In March this year Kamper abandoned the company's 2019 profit targets, announced job cuts and said the company's finance chief would quit.

Reuters reported in December that Indian car wiring maker Motherson Sumi Systems Ltd was in talks with Leoni over a possible merger, citing people close to the matter.

(Reporting by Alexander Huebner; Writing by Edward Taylor; Editing by Thomas Seythal and Louise Heavens)

Stocks mentioned in the article
ChangeLast1st jan.
JUST GROUP PLC 2.06% 46.54 Delayed Quote.-41.09%
LEONI AG -0.75% 7.24 Delayed Quote.-30.01%
MOTHERSON SUMI SYSTEMS LIMITED -0.15% 99.8 End-of-day quote.-31.90%
ONE STOP SYSTEMS, INC. -2.89% 2.69 Delayed Quote.33.17%
WILL GROUP, INC. 3.10% 599 End-of-day quote.-52.16%
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Latest news on LEONI AG
08/06LEONI AG : Receives a Sell rating from Hauck & Aufhauser
MD
07/23LEONI AG : Gets a Sell rating from JP Morgan
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06/26German companies seek state aid to cope with coronavirus
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05/14LEONI AG : Gets a Neutral rating from Deutsche Bank
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05/13LEONI AG : JP Morgan reiterates its Sell rating
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05/13LEONI AG : Receives a Sell rating from DZ Bank
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05/13LEONI AG : Warburg Research reiterates its Sell rating
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Financials
Sales 2020 4 040 M 4 762 M 4 762 M
Net income 2020 -234 M -276 M -276 M
Net Debt 2020 1 380 M 1 626 M 1 626 M
P/E ratio 2020 -1,06x
Yield 2020 -
Capitalization 237 M 279 M 279 M
EV / Sales 2020 0,40x
EV / Sales 2021 0,36x
Nbr of Employees 91 872
Free-Float 94,0%
Chart LEONI AG
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Technical analysis trends LEONI AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 10
Average target price 4,96 €
Last Close Price 7,24 €
Spread / Highest target 10,5%
Spread / Average Target -31,5%
Spread / Lowest Target -83,4%
EPS Revisions
Managers
NameTitle
Aldo Kamper President & Chief Executive Officer
Klaus Probst Chairman-Supervisory Board
Ingrid Jägering Chief Financial Officer
Franz Spieß First Deputy Chairman-Supervisory Board
Karl-Heinz Lach Member-Supervisory Board
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