Leoni Sees 2011 Profit at EU140 Million, Boersen-Zeitung Says

Leoni AG, a German wire and cable- maker, expects net income this year to be about 140 million euros ($185 million), Boersen-Zeitung said, citing an interview with Chief Executive Officer Klaus Probst.

The company may pay a dividend of 1.40 euros per share and may issue as much as 300 million euros in new debt in half a year, while looking at issuing as much as 400 million euros by 2013, the newspaper cited Probst as saying.

The company aims at outgrowing its industry by as much as 6 percentage points next year, the newspaper reported.

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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