Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Leoni Sales Up While Earnings Dip
Mar 2016
NUREMBERG, Germany, March 29, 2016 — Cable and fiber optics group Leoni AG has reported €4.5 billion (about $5.03 billion) in sales in 2015 for a year-on-year increase of about 10 percent from 2014.

Earnings before interest and taxes (EBIT), however, dropped to €151.3 million from the 2014 €182.5 million total. This was due mainly to higher-than-planned expenses relating to new projects in the Wiring Systems Division in the third and fourth quarters. The figure furthermore includes non-recurring income of —19.6 million from the sale of a share in a plant.

Consolidated net income amounted to €77.3 million (previous year: €115.1 million), and Leoni said it will pay out a dividend of €1.00 per share, compared with €1.20 in 2014.

BusinessEuropeGermanyfiber opticsCommunicationsLeoniearnings

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,
x We deliver – right to your inbox. Subscribe FREE to our newsletters.