LEONI AG : Financial situation remains challenging
>Final 2019 results in line with preliminaries - Yesterday, Leoni released final 2019 results confirming preliminaries as of February. 2019 group sales stand at € 4.8bn (2018: € 5.1bn), 2019 EBIT before special items and Value 21 costs at -€ 66m (2018: € 157m) and FCF came in at -€ 308m (2018: -€ 140m). For 2019, no dividend will be paid out as in the previous year, given the challenging financial situation of Leoni. For end-2019, the equity ratio amounts to 18% and n...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.
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