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Media release14. May 2008

 
Leoni shareholders decide on dividend increase

Positive forecast for 2008 and 2009 – global growth to be expected

Leoni AG today held its Annual General Meeting for the 2007 financial year in Nuremberg’s Congress Center. With more than 1,000 shareholders, shareholder representatives and guests, Leoni repeated the previous year’s high in the number of visitors. The meeting was the first to be chaired by Dr Werner Rupp, who last year was elected chairman of Leoni AG’s Supervisory Board. In his address, Dr Klaus Probst, Chairman of the Management Board of Leoni AG, reviewed a successful financial year: “We again continued to resolutely pursue our strategy of earnings-oriented growth in 2007 – both by extensive investment in new facilities and technologies as well as through targeted acquisitions.” The Company generated consolidated sales of EUR 2.4 billion and net income of EUR 86.2 million in fiscal 2007.

In order for shareholders to participate in the Company's success, the Management Board and Supervisory Board proposed to the Annual General Meeting that the dividend for fiscal 2007 should be raised to EUR 0.90 per share (EUR 0.80 in the previous year). The majority of Leoni shareholders voted in favour of this proposal. The total dividend therefore amounts to EUR 26.7 million.

Leoni’s chief executive also provided shareholders with an upbeat outlook on the years ahead: “Leoni will exploit the leading position it has attained in Europe to grow worldwide, but especially so in Asia,” Probst announced. In the 2008 financial year the Group is aiming for increases in sales to at least EUR 3.0 billion and in operating earnings (EBIT) to about EUR 140 million. A rise in sales to about EUR 3.3 billion and a significantly larger proportionate increase in EBIT are likely in 2009.

 
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