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Last €55.42 EUR
Change Today +0.56 / 1.01%
Volume 212.0K
LEO On Other Exchanges
Symbol
Exchange
Xetra
OTC US
OTC US
As of 3:35 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

leoni ag (LEO) Snapshot

Open
€55.30
Previous Close
€54.86
Day High
€56.24
Day Low
€54.75
52 Week High
04/16/15 - €63.57
52 Week Low
10/14/14 - €36.55
Market Cap
1.8B
Average Volume 10 Days
222.8K
EPS TTM
€3.22
Shares Outstanding
32.7M
EX-Date
05/8/15
P/E TM
17.2x
Dividend
€1.20
Dividend Yield
2.16%
Current Stock Chart for LEONI AG (LEO)

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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 AG Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 2015; Provides Earnings Guidance for the Full Year of 2015 and 2016

LEONI AG announced consolidated earnings results for the second quarter and six months ended June 2015. The company benefited again in the second quarter of 2015 from consistently good automotive business worldwide as well as from favorable currency translation effects and increased consolidated sales by more than 13% on the same period in 2014 to EUR 1,156 million. Following the weak first quarter EBIT did, however, improved as planned between April and June 2015 and rose by more than 6% year-on-year to EUR 50.4 million in second quarter of 2015. In second quarter of 2015, consolidated net income was up, due to a lower tax rate by more than 17% to EUR 35.1 million. Sales in the first half, as a whole, the company generated 11% gain to EUR 2,265 million. Organically, LEONI grew by EUR 104 million or about 5% in the first six months. This growth covered both divisions -- both business divisions and was above the original forecast due also to exchange rate effects. The earnings before interest and taxes of the LEONI Group for the first six months of 2015 were at EUR 85.5 million, a little below expectations and about 13% down from the corresponding previous figure of EUR 97.9 million. In total, EBIT came to EUR 85.5 million in the first half of 2015 and thus to about 13% less than the comparable 2014 figure. The company reported consolidated net income of about EUR 52 million in the first half of 2015. Consolidated statement of cash flows, group-wide cash provided by operating activities in the first 6 months of 2015 rose from EUR 10.8 million to EUR 17.5 million despite the lower half year earnings. Free cash flow for the period from January through June 2015 thus improved slightly versus the same period in 2014, this means to a negative EUR 91 million. The company provided earnings guidance for the full year of 2015 and 2016. Based on the considerable sales and earnings growth in the second quarter, the management board of LEONI regards to the company as still being on course for the set targets. For the 2015 as a whole, the company still project increases in consolidated sales to about EUR 4.3 billion and in consolidated EBIT to more than EUR 200 million. CapEx is around EUR 240 million for the current year. LEONI will thus have a solid basis on which, as planned for 2016, to increase its consolidated sales to EUR 5 billion and to widen its EBIT margin to 7%. CapEx is around EUR 250 million for the 2016.

LEONI AG, H1 2015 Earnings Call, Aug 11, 2015

LEONI AG, H1 2015 Earnings Call, Aug 11, 2015

LEONI Eyes Acquisitions

LEONI AG (DB:LEO) intends to make acquisitions in the area of industry, healthcare, communication and infrastructure, Chief Executive Officer Dieter Belle told daily Boersen-Zeitung. He stated that in the wiring systems business a takeover would only make sense if a new customer is being acquired or if a deal helps the company enter a new market.

 

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Industry Analysis

LEO

Industry Average

Valuation LEO Industry Range
Price/Earnings 17.0x
Price/Sales 0.4x
Price/Book 1.8x
Price/Cash Flow 17.0x
TEV/Sales 0.2x
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