Leoni Raises Company's 2010 Forecasts as Automotive Sector Orders Increase

Leoni AG, the German maker of automotive electrical cables, raised its 2010 sales and earnings forecast, with the projected earnings before interest and taxes doubled to 100 million euros ($129 million), the company said.

It now expects to generate sales of 2.6 billion euros to 2.7 billion euros, Leoni said.

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