The financial year 2001 has been another year of records for the wire, cable and wiring systems specialist LEONI. The group increased its turnover by 14 % to 1,098 mill. Euros (2000: 962 mill. Euros). Profit for the year reached 28 mill. Euros which is 27 % more than in the previous year (22 mill. Euros). In 2002, LEONI intends to increase its turnover by about 5 % to 1.15 billion Euros. A significant increase is also to be expected in profit on ordinary activities and profit for the financial year.

Earnings before interest and taxes, EBIT, rose by about 22 %, from 51 to now 63 mill. Euros. Earnings before interest, taxes, depreciation and amortization, EBITDA, improved by 21 %. It amounted to 114 mill. Euros in 2001 (2000: 94 mill. Euros). In order to create positive conditions for the numerous promising projects of the future as well as for the improvement of existing capacities, LEONIs investments totalled 125 mill. Euros in 2001 (2000: 94.9 mill. Euros).

Turnover of the Wiring Systems Division, which makes up more than 50 % of the overall group turnover, was increased by 15 % to 561 mill. Euros (2000: 487 mill. Euros). EBITDA amounted to 41.6 mill. Euros (2000: 44.2 mill. Euros).

The Cable Division has developed to the groups division strongest in growth. Turnover increased in fiscal 2001 by almost 24 % to now 440 mill. Euros (2000: 355 mill. Euros). EBITDA climbed 71 % to 56.6 mill. Euros (2000: 33.1 mill. Euros).

The Wire Division was the only division to really suffer from the weak economic situation. Turnover decreased to 97 mill. Euros (2000: 120 mill. Euros) which is a minus of 19 %. The Wire Division now only contributes about 9 % to the groups overall turnover. EBITDA decreased by about 50 %  to 7.8 mill. Euros (2000: 15.7 mill. Euros). Forecasts predict an upward trend in the wire business for the second half of 2002.