1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. LEONI AG
  6. News
  7. Summary
    LEO   DE0005408884

LEONI AG

(LEO)
  Report
Real-time Estimate Tradegate  -  03:59 2022-07-01 pm EDT
6.935 EUR   +1.17%
06/09LEONI AG : JP Morgan reiterates its Neutral rating
MD
05/25LEONI : New members of LEONI AG's Supervisory Board
PU
05/23LEONI : sells Business Group Automotive Cable Solutions – next major step on the path to sustainable financial stabilisation
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Leoni posts Q1 operating loss on Ukraine war, higher costs

04/29/2022 | 03:34pm EDT

FRANKFURT (Reuters) - German cable and harness maker Leoni, 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 ($18 million) in the first quarter, down from a profit of 29 million euros in the same period last year, it said, pointing to higher raw material, logistics and energy costs.

"In addition, there was continued high volatility in customer call-offs due to disruptions in the global supply chains, mainly due to the semiconductor crisis, as well as the consequences of the war in Ukraine," Leoni said.

Leoni said first-quarter sales fell 7% to 1.26 billion euros but stuck to its 2022 outlook. The company a month ago said it had partially revived its factories in Ukraine after a temporary halt due to Russia's invasion.

($1 = 0.9460 euro)

(Reporting by Christoph Steitz in Frankfurt; Editing by Matthew Lewis)


© Reuters 2022
All news about LEONI AG
06/09LEONI AG : JP Morgan reiterates its Neutral rating
MD
05/25LEONI : New members of LEONI AG's Supervisory Board
PU
05/23LEONI : sells Business Group Automotive Cable Solutions – next major step on the pat..
PU
05/23Leoni AG signs agreement with Stark Corporation Public Company Limited on sale of the B..
EQ
05/23Stark Corporation Public Company Limited signed an agreement to acquire Business Group ..
CI
05/22LEONI AG : Refinancing concept currently being constructively discussed with key financing..
EQ
05/16LEONI AG : JP Morgan reaffirms its Neutral rating
MD
05/11Leoni Ag Provides Earnings Outlook for the Financial Year 2022
CI
05/11TRANSCRIPT : LEONI AG, Q1 2022 Earnings Call, May 11, 2022
CI
05/11LEONI AG Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
More news
Analyst Recommendations on LEONI AG
More recommendations
Financials
Sales 2022 4 863 M 5 058 M 5 058 M
Net income 2022 14,9 M 15,4 M 15,4 M
Net Debt 2022 1 533 M 1 594 M 1 594 M
P/E ratio 2022 15,1x
Yield 2022 -
Capitalization 224 M 233 M 233 M
EV / Sales 2022 0,36x
EV / Sales 2023 0,36x
Nbr of Employees 99 607
Free-Float 73,5%
Chart LEONI AG
Duration : Period :
LEONI AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LEONI AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 6,86 €
Average target price 8,63 €
Spread / Average Target 25,8%
EPS Revisions
Managers and Directors
Aldo Kamper President & Chief Executive Officer
Harald Nippel Chief Financial Officer
Klaus Rinnerberger Chairman-Supervisory Board
Franz Spieß Deputy Chairman-Supervisory Board
Karl-Heinz Lach Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
LEONI AG-30.86%234
NINGBO ORIENT WIRES & CABLES CO.,LTD.47.54%7 863
PRYSMIAN S.P.A.-20.84%7 219
NEXANS-13.86%3 373
INFORE ENVIRONMENT TECHNOLOGY GROUP CO., LTD.-30.97%2 357
ENCORE WIRE CORPORATION-26.92%2 050