LEONI AG : Weak Q4 2018 results reflect too high complexity – downgrade to Reduce
>Severe earnings hit in Q4 2018 – miss of already-cut 2018 guidance - Leoni (LEO) released its prelim. full-year 2018 results yesterday evening. At the end of October the company already reduced its full-year 2018 guidance for group sales to c.€ 5.0bn (prev. >€ 5.1bn) and for group EBIT (LEO definition, i.e. incl. at-equity results) by 13% at the midpoint to c.€ 196m (prev. € 215-235m). Prelim. Q4 2018 group sales stand at € 1,242m (-1% yoy) and group EBIT at €-19m wh...Leoni AG acts as the holding company, engaged in providing wires, optical fibers, cables and cable systems as well as related services for applications in the automotive sector and other industries. Co.'s business comprised of two divisions: Wire & Cable Solutions (WCS), which develops, produces and assembles wires and strands, optical fibers, standard and special cables, hybrid and optical cables as well as complete cable systems for a variety of industrial applications; Wiring Systems Division (WSD), which develops, produces and sells cable harnesses, complete wiring systems as well as related components for the global car, commercial vehicle and supply industry.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.