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Last €50.57 EUR
Change Today +0.76 / 1.53%
Volume 5.1K
LEO On Other Exchanges
As of 3:21 AM 10/7/15 All times are local (Market data is delayed by at least 15 minutes).

leoni ag (LEO) Snapshot

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52 Week High
04/16/15 - €63.57
52 Week Low
10/14/14 - €36.55
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leoni ag (LEO) Details

LEONI AG provides wires, optical fibers, cables, and cable systems; and related services for applications in the automotive and other industries worldwide. It operates in two segments, Wire & Cable Solutions, and Wiring Systems. The Wire & Cable Solutions segment develops, manufactures, and sells wires, strands, tapes, and optical fibers for cable production; electrical and electromechanical components; Lyonese wares for textiles; and cables, conductors, and cable systems for the automotive and electrical appliance industries, data and communications technology, professional multimedia segment, health care sector, automation and process technology, machinery and plant engineering, industrial plants, solar industry, and infrastructure projects. It also provides services in the field of irradiation cross linking; and produces fiber optic cables based on glass and polymer fiber. The Wiring Systems segment develops, produces, and sells wiring systems and ready-to-install cable harnesses for passenger cars and commercial vehicles; and manufactures conventional cable harnesses, pre-formed cable harnesses, plastic molded components, and electronic wiring system components; and ready-to-connect single cables with matching connectors and fixings. The company was formerly known as Leonische Drahtwerke AG and changed its name to LEONI AG in 1999. LEONI AG was founded in 1569 and is headquartered in Nuremberg, Germany.

71,987 Employees
Last Reported Date: 07/28/15
Founded in 1569

leoni ag (LEO) Top Compensated Officers

Chairman of Management Board, Chief Executive...
Total Annual Compensation: €1.4M
Head of Wiring Systems Division and Member of...
Total Annual Compensation: €655.0K
Head of The Wire & Cable Solutions Division a...
Total Annual Compensation: €407.0K
Compensation as of Fiscal Year 2014.

leoni ag (LEO) Key Developments

Leoni Unveils New Power Y-Splitter for High-Voltage Wiring Systems

Leoni AG has unveiled a new type of power Y-splitter for high-voltage wiring systems. The component ensures a safe and low-resistance connection of auxiliary units in a high-voltage wiring system. Leoni has extended its range of high-voltage components to include a compact and robust product that simplifies the wiring of hybrid and electric vehicles. The new Y-splitter securely and in a space-saving way splits the power between two high-voltage units, as is becoming ever more necessary in HV architectures.

Leoni AG Agrees a Joint Venture with Beijing Hainachuan Automotive Parts Co Ltd

Leoni AG has agreed a joint venture with China's Beijing Hainachuan Automotive Parts Co Ltd. The contracts were signed on September 18, 2015. The Chinese State-owned Assets Supervision and Administration Commission (SASAC) approved the joint venture. It provides that Leoni will sell 50% of the shares in its wiring systems plant in Langfang to BHAP. This plant has to date exclusively been making cable harnesses for the car ranges of Beijing Benz Automotive Co Ltd. (BBAC), the joint venture between Daimler AG and its Chinese partner BAIC. Its equal joint venture in China will give Leoni the opportunity to gain new orders from BBAC and other carmakers. The joint venture will be a key element for Leoni with respect to expanding its business in Asia disproportionately strongly in line with its strategy of profitable growth. All of Leoni's other activities in China are unaffected; they will continue to exist outside the new joint venture and will likewise be developed further. Based on the IFRS accounting principles, the joint venture will be accounted for by the equity method in the consolidated financial statements of Leoni AG. There will be no notable effects on sales or operating profit during the current financial year.

Leoni AG Revises Sales Guidance for the Fiscal Year 2016

Leoni AG revised sales guidance for the fiscal year 2016. For the year, the company expects consolidated sales of approx. EUR 4.8 billion rather than the EUR 5 billion forecast previously.


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