Leoni launched performance and strategy programme
(WorldNews Germany)

Nuremberg - Leoni, a global provider of energy and data management solutions in the automotive sector and other industries, generated a slight year-on-year increase in its consolidated sales to EUR 1.21 billion in the 3rd quarter of 2018 (Q3/2017: EUR 1.19 billion) despite restrained business expansion in a tough market setting. After nine months, sales were up by 5.7 percent to EUR 3.86 billion (9M/2017: EUR 3.65 billion), which included 7.7 percent organic sales growth. Earnings before interest and taxes (EBIT) amounted to EUR 38 million in the 3rd quarter of 2018 (Q3/2107: EUR 45 million). The adverse factors were particularly the reduction in product called forward by European and...