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Leoni Sales Up While Earnings Dip

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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...Read full article

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    Published: March 2016
    BusinessEuropeGermanyfiber opticsCommunicationsLeoniearnings

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