11/10/2021 | Press release | Distributed by Public on 11/10/2021 00:01
Nuremberg - "LEONI continued to stabilise despite the substantially cloudier conditions in the third quarter. We successfully confronted the persisting disruptions of global supply chains - with full commitment and great flexibility. The agreement on the sale of our Business Group Industrial Solutions at the beginning of October is another milestone on our path towards strategically focussing LEONI on the automotive industry and further financial recovery. Despite our progress to date, we will remain vigilant as the negative effects from the semiconductor crisis and disruption of supply chains will persist and continue to challenge us." Aldo Kamper, CEO of LEONI AG
Leoni performance overview (€ million)
Q3/2021 |
Q3/2020 |
Change |
9M/2021 |
9M/2020 |
Change |
|
Sales |
1,169 |
1,064 |
9.9% |
3,818 |
2,865 |
33.3% |
EBITDA |
48 |
22 |
>100.0% |
229 |
-58 |
>100.0% |
EBIT |
0 |
(31) |
>100.0% |
76 |
(217) |
>100.0% |
EBIT before exceptional items as well as before VALUE 21 costs (1) |
29 |
(8) |
>100.0% |
117 |
(120) |
>100.0% |
Consolidated net result |
(27) |
(52) |
48.5% |
(8) |
(242) |
96.8% |
Earnings per share [€] |
(0.82) |
(1.60) |
48.9% |
(0.24) |
(7.40) |
96.7% |
Free cash flow |
(87) |
64 |
>(100.0)% |
(197) |
(179) |
(10.1)% |
Capital expenditure |
55 |
45 |
22.3% |
147 |
212 |
(30.9)% |
Equity ratio [%] |
7.2 |
10.2 |
-- |
7.2 |
10.2 |
-- |
Employees as of 30 Sept [number] |
102,262 |
95,222 |
7.4% |
102,262 |
95,222 |
7.4% |
(1) This key figure represents adjustment of EBIT for exceptional, non-recurring factors to facilitate better comparability between the periods and interpretation of operating profitability. Exceptional items comprise significant impairment of goodwill, intangible assets, property, plant and equipment as well as other assets, major expenses for contingent losses on customer contracts, costs in preparation for carving out the Wire & Cable Solutions Division (excl. internal costs), refinancing costs (incl. consultant, bank and solicitor fees; apart from the costs that are attributed to interest expenses) as well as non-recurring factors related to strategic decisions and external additional expenses in connection with the Covid-19 pandemic (for example additional shuttle transport, protective clothing, face guards and disinfectant). Costs for the VALUE 21 programme comprise all the related restructuring and severance costs as well as third-party consultant fees.