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    LEO   DE0005408884


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

DGAP-Adhoc: Leoni AG: Sales, free cash flow and EBIT before exceptional items as well as before VALUE 21 costs significantly above market expectations in Q1; Increased outlook for sales and earnings in 2021

05/03/2021 | 07:41am EDT
DGAP-Ad-hoc: Leoni AG / Key word(s): Preliminary Results 
Leoni AG: Sales, free cash flow and EBIT before exceptional items as well as before VALUE 21 costs significantly above 
market expectations in Q1; Increased outlook for sales and earnings in 2021 
03-May-2021 / 13:33 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
Sales, free cash flow and EBIT before exceptional items as well as before VALUE 21 costs significantly above market 
expectations in Q1; Increased outlook for sales and earnings in 2021 
Nuremberg, 3 May 2021 - Based on preliminary figures of Leoni AG, Nuremberg (ISIN: DE0005408884 / WKN: 540888) sales in 
the first quarter of the current financial year amounted to EUR 1.35 billion (Q1 2020: EUR 1.13 billion), EBIT before 
exceptional items as well as before VALUE 21 costs was EUR 39 million (Q1 2020: EUR -17 million) and free cash flow was 
EUR -100 million (Q1 2020: EUR 0 million, among other things due to a positive effect from sale-and-leaseback 
transactions amounting to EUR 70 million). These key figures are significantly above current market expectations. In 
addition, the Board of Directors is raising its outlook for sales and earnings for the 2021 financial year. 
Leoni will continue to face multiple challenges during the financial year. These include in particular the ongoing 
Covid-19 pandemic and continued constraints in global supply chains impacting the availability of critical parts, 
semiconductor components and raw materials. 
Nevertheless, in its current assessment for 2021, the Board of Directors now expects a significant year-on-year 
increase in Group sales (2020: EUR 4.1 billion) (previously: only in the low double-digit percentage range). This is 
based on the stronger than previously expected continuation of the recovery in demand in the automotive and industrial 
sectors and the significantly higher copper price, which will not have a significant impact on earnings. 
From today's perspective, Group EBIT before exceptional items as well as VALUE 21 costs is expected to improve 
significantly compared to the previous year (2020: EUR -59 million) and should at least reach break-even. The key 
positive factors here are the higher than previously expected increase in sales as well as positive effects from the 
VALUE 21 programme and the restructuring concept. 
The Board of Directors continues to expect free cashflow to decrease significantly compared to the previous year (2020: 
EUR -69 million) and this key figure will continue to be closely monitored. Among the reasons for this expected free 
cashflow development are the increase in net working capital due to the stronger than expected sales recovery and also 
that some exceptional items in connection with the restructuring concept were already booked in 2020 but will become 
cash-effective in 2021. An example in that context are the restructuring provisions booked for the restructuring at the 
Stolberg site. Effects from possible further divestments or acquisitions are not included in the outlook. 
The final results of the first quarter of 2021 will be published on 12 May 2021 as planned. 
This announcement contains certain forward-looking statements that are based on the current assumptions and forecasts 
of Leoni AG's management. Various known and unknown risks, uncertainties and other factors could cause Leoni's actual 
results, its financial position, growth or performance to differ materially from the estimates presented herein. Leoni 
assumes no responsibility whatsoever to update such forward-looking statements or to conform them to future events or 
developments. Explanations and reconciliations of key financial figures used can be found in the 2020 Annual Report of 
Leoni AG (available at https://publications.leoni.com/fileadmin/corporate/publications/reports/2021/ 
leoni-annual-report-2020.pdf?1615935127), in particular on pages 56, and 102ff.. 
03-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
Language:     English 
Company:      Leoni AG 
              Marienstraße 7 
              90402 Nuremberg 
Phone:        +49 (0)911 20 23-234 
Fax:          +49 (0)911 20 23-382 
E-mail:       veroeffentlichung@leoni.com 
Internet:     www.leoni.com 
ISIN:         DE0005408884 
WKN:          540888 
Indices:      SDAX 
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; 
              Regulated Unofficial Market in Tradegate Exchange; Madrid 
EQS News ID:  1191786 
End of Announcement  DGAP News Service 

1191786 03-May-2021 CET/CEST

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(END) Dow Jones Newswires

May 03, 2021 07:40 ET (11:40 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.76% 34221.1 Delayed Quote.12.65%
LEONI AG -6.01% 14.55 Delayed Quote.132.78%
SDAX -0.05% 16393.76 Delayed Quote.11.09%
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Sales 2021 4 787 M 5 804 M 5 804 M
Net income 2021 -63,7 M -77,3 M -77,3 M
Net Debt 2021 1 598 M 1 938 M 1 938 M
P/E ratio 2021 -5,82x
Yield 2021 -
Capitalization 506 M 613 M 613 M
EV / Sales 2021 0,44x
EV / Sales 2022 0,41x
Nbr of Employees 100 515
Free-Float 78,5%
Duration : Period :
LEONI AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LEONI AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus UNDERPERFORM
Number of Analysts 9
Average target price 8,24 €
Last Close Price 15,48 €
Spread / Highest target -28,9%
Spread / Average Target -46,8%
Spread / Lowest Target -61,9%
EPS Revisions
Managers and Directors
Aldo Kamper President & Chief Executive Officer
Ingrid Jńgering Chief Financial Officer
Klaus Probst Chairman-Supervisory Board
Franz Spie▀ First Deputy Chairman-Supervisory Board
Karl-Heinz Lach Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
LEONI AG132.78%612
PRYSMIAN S.P.A.0.24%9 287
NEXANS22.03%3 826