Leoni growing more vigorously than expected in 2010
Tuesday, Aug 17, 2010
Leoni AG is expanding its business at a significantly more vigorous pace than expected: In the second quarter of 2010, the consolidated sales of this leading provider of cables and cable systems to the automotive sector and other industries rose by more than 41 percent year on year to EUR 748.1 million. EBIT (earnings before interest and taxes) improved to EUR 34.6 million (previous year: a loss of EUR 31.0 million), with consolidated earnings after taxes amounting to EUR 16.5 million (from a pre-year loss of EUR 38.5 million). The Company's growth following the economic crisis therefore picked up further pace.
Source: Leoni
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