Germany: Leoni almost triples EBIT in Q1

Leoni has reported a strong start to 2011, with Q1 revenue increasing 38.3% year-on-year to €910.7m (US$1.31bn), from €658.5m in Q1 2010. EBITDA rose to €88.1m (margin of 9.7%) from €49.0m (7.4%), a gain of 79.8%, while reported EBIT increased to €61.4m (6.7%) from €23.0m (3.5%), a jump of 167%. Subscribe to Automotive World to … Continued

• By Webmaster
• May 10, 2011