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Recently, the LEONI Group announced that its sales and profit in fiscal 2017 exceeded targets
.
According to provisional calculations, sales rose by 11% to a new record of 4.
9 billion euros, compared to 4.
4 billion euros last year.
EBIT rose sharply to €225 million, up from €
78 million in the prior-year quarter.
LEONI Group exceeded expectations in both sales and profit in fiscal 2017
Karl Gadesmann, spokesman for the LEONI Group Board of Directors, emphasized: "The Group was back on the road
to success in 2017.
We have successfully achieved significant operational improvements while driving a strategic repositioning
.
”
Demand for LEONI's products, systems and services in general shows an encouraging and rising trajectory
.
In the fourth quarter of 2017, the company generated sales of almost EUR 1.
3 billion and successfully increased its full-year revenue to the latest forecast of EUR 4.
8 billion
.
Much of this growth has been organic
.
Operating profit improved significantly
Provisional calculations show that LEONI's EBIT was EUR 225 million, which means that the company also exceeded the expected EBIT of EUR 220 million, resulting in an EBIT margin of 4.
6 percent (2016: 1.
8 percent).
It is worth noting that in the context of a significant year-on-year increase in EBIT of around 190 percent, the company benefited from two special factors in the 2017 financial year, including the sale of a group of businesses and insurance claims, which resulted in a total profit
of €30 million.
This compares with losses due to restructuring expenses and fraud totalling approximately €70 million
in the 2016 financial year.
Adjusted for these effects, operating profit increased by almost one-third to EUR 195 million
from EUR 148 million in the previous year.
In the fourth quarter of 2017, additional profit from higher sales was offset by additional expenses, particularly with regard to prepaid and start-up costs for cabling system projects for new facilities and digitalization investments
.
On March 20, 2018, the LEONI Group will publish its annual final consolidated data report and forecast
for the 2018 financial year.
，
Recently, the LEONI Group announced that its sales and profit in fiscal 2017 exceeded targets
.
According to provisional calculations, sales rose by 11% to a new record of 4.
9 billion euros, compared to 4.
4 billion euros last year.
EBIT rose sharply to €225 million, up from €
78 million in the prior-year quarter.
LEONI Group exceeded expectations in both sales and profit in fiscal 2017
LEONI Group exceeded expectations in both sales and profit in fiscal 2017Karl Gadesmann, spokesman for the LEONI Group Board of Directors, emphasized: "The Group was back on the road
to success in 2017.
We have successfully achieved significant operational improvements while driving a strategic repositioning
.
”
Demand for LEONI's products, systems and services in general shows an encouraging and rising trajectory
.
In the fourth quarter of 2017, the company generated sales of almost EUR 1.
3 billion and successfully increased its full-year revenue to the latest forecast of EUR 4.
8 billion
.
Much of this growth has been organic
.
Operating profit improved significantly
Operating profit improved significantlyProvisional calculations show that LEONI's EBIT was EUR 225 million, which means that the company also exceeded the expected EBIT of EUR 220 million, resulting in an EBIT margin of 4.
6 percent (2016: 1.
8 percent).
It is worth noting that in the context of a significant year-on-year increase in EBIT of around 190 percent, the company benefited from two special factors in the 2017 financial year, including the sale of a group of businesses and insurance claims, which resulted in a total profit
of €30 million.
This compares with losses due to restructuring expenses and fraud totalling approximately €70 million
in the 2016 financial year.
Adjusted for these effects, operating profit increased by almost one-third to EUR 195 million
from EUR 148 million in the previous year.
In the fourth quarter of 2017, additional profit from higher sales was offset by additional expenses, particularly with regard to prepaid and start-up costs for cabling system projects for new facilities and digitalization investments
.
On March 20, 2018, the LEONI Group will publish its annual final consolidated data report and forecast
for the 2018 financial year.
，
