Nuremberg – LEONI AG of Nuremberg has received the "European Automotive Shareholder Value Award". In winning the prize awarded by Automotive News Europe and PricewaterhouseCoopers in Gothenburg Sweden, the company, which develops and supplies wiring systems, cable and wires, came in first in a field of 20 contestants.

Stock development was the key factor
This prestigious prize was awarded to automobile manufacturers, automotive suppliers and car dealers for top stockholder return in 2001. Criteria used to select the winner include stock price movement, dividends, stock re-purchase and issuance of new stock. The assessment gives the stockholder an objective, reliable way of measuring the value of companies that are listed on the stock exchange.

2001 another record year for LEONI
2001 was another record financial year for LEONI. The company, which had surpassed the 1 billion DM threshold for the first time in 1999, increased its turnover by 14% to 1.098 billion euros (compared to 962 million in the previous year). Net earnings for the year reached 28 million euros, which was 27% better than the previous year (22 million euros). The stock reached 31.00 euros in March 2001, its highest level in two years. Since the beginning of 2002, the stock has performed even better. Its highest notation in 2002 was 36.95 euros. The company expects revenue to grow moderately to 1.15 billion euros during the current financial year.