Automotive cables supplier Leoni AG has achieved the highest increase in shareholder value of all stock market listed companies in the European automotive supplier industry.
PricewaterhouseCoopers (PwC) presented the 2012 European Automotive Shareholder Value Award to the firm at a ceremony in Monte Carlo.
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“We are delighted that our shareholders are profiting from the company’s earnings-oriented expansion”, commented Dr. Klaus Probst, chairman and CEO of Leoni AG.
Following the calculations of PwC, the cable specialist posted the highest value increase for its shareholders in comparison to all other listed suppliers in the fiscal year ending in March 2012.
In addition to the share price performance, which rose by 28.5% in Leoni’s case, the evaluation takes into account the development of dividends, share buy-backs and new share issues.
Over the past year, the total shareholder return for Leoni AG was up 31%, while the average of all companies accounted was 4.51%. The performance is measured by the Automotive Shareholder Value Index, which looks at the value of EUR100 invested in a particular stock over the relevant period and compares shareholder returns for the same period.
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