Leoni with earnings above market expectations in 1st half of 2016
EBIT for the second quarter amounts to about EUR 38 million or, excluding restructuring costs, to approx. EUR 56 million.
As forecast, Leoni expects for seasonal reasons to generate slightly less sales in the 2nd half than it did in the first. Moreover, there are unlikely to be any further exceptional items of a comparable extent. Leoni will thus keep its now rather conservative full-year EBIT guidance unchanged at EUR 105 million, which allows for restructuring expenses of EUR 30 million.
A comprehensive report on the results of the 2nd quarter of 2016 will be released on 10 August 2016 as scheduled.