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Germany: Leoni raises forecasts for current year

Leoni AG has announced an upgrade of its financial forecasts for 2011, with the German wiring systems supplier now predicting revenue of about €3.6bn (US$5.2bn) and EBIT of approximately €230m, a margin of 6.4%. The company noted in early May 2011, when announcing its Q1 results, that based on the Q1 It’s time to log … Continued

Leoni AG has announced an upgrade of its financial forecasts for 2011, with the German wiring systems supplier now predicting revenue of about €3.6bn (US$5.2bn) and EBIT of approximately €230m, a margin of 6.4%.

The company noted in early May 2011, when announcing its Q1 results, that based on the Q1

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