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    LEO   DE0005408884

LEONI AG

(LEO)
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Delayed Xetra  -  05/27 11:36:24 am EDT
8.890 EUR   +4.10%
05/25LEONI : New members of LEONI AG's Supervisory Board
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05/23LEONI : sells Business Group Automotive Cable Solutions – next major step on the path to sustainable financial stabilisation
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05/23Leoni AG signs agreement with Stark Corporation Public Company Limited on sale of the Business Group Automotive Cable Solutions belonging to the Wire & Cable Solutions (WCS) Division
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LEONI : Design improvements for increased cable productivity!

05/28/2021 | 06:37am EDT
Design improvements for increased cable productivity! A leader in laboratory diagnostics reached out to LEONI for a custom cable design that was reproducible and eliminated the failures they were experiencing with their current solution.

Kitchener - A leader in scientific laboratory equipment contacted the LEONI team to see if we could improve the quality of their existing cable design, used in mass spectrometry applications. They required a very compact design that included two different sized pneumatic tubes used to carry nitrogen gas, along with various copper conductors. They were experiencing quality and delivery issues with their current supplier, having a large impact on their production schedule. They needed an improved design quickly to minimize any further impacts.

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Our engineering team assessed the design to better understand the issues making the current solution impossible to reproduce effectively and causing failures. The LEONI team worked closely with the with the customers engineers to understand in depth which design elements were crucial to their application. With this cooperation, we were able to provide a solution quickly and even matched the jacket colour of their current solution!

Quality right from the start

This cable was fully reproducible now, and the customer is very happy with our work! They are no longer experiencing quality and delivery problems that have impacted the company's bottom line.

After having such a positive experience working with the LEONI team, they are looking forward to working with us on other projects! To see how we can help with your projects visit www.leoni-americas.com

Disclaimer

Leoni AG published this content on 28 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2021 10:36:00 UTC.


© Publicnow 2021
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Financials
Sales 2022 4 863 M 5 209 M 5 209 M
Net income 2022 14,9 M 15,9 M 15,9 M
Net Debt 2022 1 533 M 1 642 M 1 642 M
P/E ratio 2022 19,6x
Yield 2022 -
Capitalization 290 M 311 M 311 M
EV / Sales 2022 0,37x
EV / Sales 2023 0,37x
Nbr of Employees 99 607
Free-Float 73,5%
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Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 8,89 €
Average target price 8,63 €
Spread / Average Target -2,98%
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Managers and Directors
Aldo Kamper President & Chief Executive Officer
Harald Nippel Chief Financial Officer
Klaus Probst Chairman-Supervisory Board
Franz Spieß Deputy Chairman-Supervisory Board
Karl-Heinz Lach Member-Supervisory Board
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