Leoni records growth in Q1

The company recorded a new quarterly high of 969.1 million euro (previous year: 910.7 million euro), saying the automotive and capital goods industries, as well as business in BRIC countries, were key growth drivers. Consolidation for the first time of the South Korean wiring systems manufacturer Daekyeung, taken over in full at the beginning of January 2012, added 27.4 million euro to the total amount of business. Group-wide, Leoni raised its earnings before interest and taxes (EBIT) by nearly 53 percent to 93.7 million euro (previous year: 61.4 million euro). Leoni expects to increase its consolidated sales to between 3.8 and 4 billion euro in 2012 (2011: 3.7 billion euro) and to generate EBIT of EUR 230 to 280 million (2011: EUR 237.1 million) for the whole year. In addition there is the exceptional factor involving the sale of Leoni Studer Hard AG. © Leoni