Auto cable maker Leoni booked full year earnings before interest and taxes (EBIT) of about EUR131m compared with a previous yearloss of EUR116m), beating its target of EUR120m. This was including Q4 restructuring charges.
Auto cable maker Leoni booked full year earnings before interest and taxes (EBIT) of about EUR131m compared with a previous yearloss of EUR116m), beating its target of EUR120m. This was including Q4 restructuring charges.
Sales rose to EUR2.96bn from EUR 2.16bn, up from the forecast EUR2.8bn “thanks to a dynamic uptrend” in auto demand and a strong increase in sales of cable harnesses and wiring systems for vehicles in BRIC countries and the US.
The 2011 sales forecast is EUR3.1bn.
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