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DGAP-Adhoc: Leoni AG: Targets met in fiscal 2007 - Guidance for 2008 reaffirmed

12.02.2008
Leoni AG / Preliminary Results 12.02.2008 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- Nuremberg, 12 February 2008 - Leoni AG again achieved significant growth in the 2007 financial year. Based on provisional figures, the wire, cable and wiring systems specialist increased its consolidated sales by about 12 percent to EUR 2,367 million (up from EUR 2,108 million in the previous year). Net income was raised by about 9 percent, reaching a new record level of EUR 86.2 million (2006: 79.3 million). At a figure of EUR 129.6 million, earnings before interest and taxes nearly matched the record level of fiscal 2006 (EUR 130.6 million). Leoni therefore met its most recently stated target despite extensive pre-production spending on new projects in the Wiring Systems division. In terms of free cash flow before spending on acquisitions and the dividend, the Company posted a figure of about EUR 96 million (2006: 59 million) and thus significantly exceeded expectations. Leoni successfully expanded in its Wire & Cable Solutions division in 2007. The division increased its external sales by about 20 percent to EUR 1,381 million and thus set a new record (1,154 million in the previous year). Business increased especially with the prospering petrochemical industry and Leoni also made further gains with cable systems for complex infrastructure applications such as tunnels and airports as well as with fiber optic cables. The external sales of the Wiring Systems division were up about 3.3 percent year on year in fiscal 2007, to EUR 986 million (from 954 million in 2006). Leoni benefited from the ongoing trend towards higher-end equipment on vehicles and thus towards complex wiring systems. Business grew above all with customers BMW and VW as well as with the commercial vehicle industry outside Germany. From today's perspective, consolidated sales should rise to at least EUR 3 billion in the 2008 financial year. This includes approximately EUR 600 million due to the acquisition of the French wiring systems manufacturer Valeo Connective Systems. In terms of earnings before interest and taxes Leoni forecasts an increase to about EUR 140 million, with Valeo Connective Systems in 2008 not yet making a noteworthy contribution to earnings due to integration costs that are likely to be incurred and impairment charges relating to purchase price allocation. From 2009, both divisions may then be expected to post significant increases in operating earnings. The complete financial statements will be released on 26 March 2008, the date of Leoni AG's balance sheet press conference. Contact: Public & Media Relations Susanne Rothe Telefon +49 (0)911-2023-467 Telefax +49 (0)911-2023-231 E-Mail: presse@leoni.com Investor Relations Susanne Kertz Telefon +49 (0)911-2023-274 Telefax +49 (0)911-2023-209 E-Mail: invest@leoni.com 12.02.2008 Financial News transmitted by DGAP =-------------------------------------------------------------------------- Language: English Issuer: Leoni AG Marienstraße 7 90402 Nürnberg Deutschland Phone: +49 (0)911 20 23-274 Fax: +49 (0)911 20 23-209 E-mail: invest@leoni.com Internet: www.leoni.com ISIN: DE0005408884 WKN: 540888 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service =--------------------------------------------------------------------------

Leoni AG / Preliminary Results 12.02.2008 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- Nuremberg, 12 February 2008 - Leoni AG again achieved significant growth in the 2007 financial year. Based on provisional figures, the wire, cable and wiring systems specialist increased its consolidated sales by about 12 percent to EUR 2,367 million (up from EUR 2,108 million in the previous year). Net income was raised by about 9 percent, reaching a new record level of EUR 86.2 million (2006: 79.3 million). At a figure of EUR 129.6 million, earnings before interest and taxes nearly matched the record level of fiscal 2006 (EUR 130.6 million). Leoni therefore met its most recently stated target despite extensive pre-production spending on new projects in the Wiring Systems division. In terms of free cash flow before spending on acquisitions and the dividend, the Company posted a figure of about EUR 96 million (2006: 59 million) and thus significantly exceeded expectations. Leoni successfully expanded in its Wire & Cable Solutions division in 2007. The division increased its external sales by about 20 percent to EUR 1,381 million and thus set a new record (1,154 million in the previous year). Business increased especially with the prospering petrochemical industry and Leoni also made further gains with cable systems for complex infrastructure applications such as tunnels and airports as well as with fiber optic cables. The external sales of the Wiring Systems division were up about 3.3 percent year on year in fiscal 2007, to EUR 986 million (from 954 million in 2006). Leoni benefited from the ongoing trend towards higher-end equipment on vehicles and thus towards complex wiring systems. Business grew above all with customers BMW and VW as well as with the commercial vehicle industry outside Germany. From today's perspective, consolidated sales should rise to at least EUR 3 billion in the 2008 financial year. This includes approximately EUR 600 million due to the acquisition of the French wiring systems manufacturer Valeo Connective Systems. In terms of earnings before interest and taxes Leoni forecasts an increase to about EUR 140 million, with Valeo Connective Systems in 2008 not yet making a noteworthy contribution to earnings due to integration costs that are likely to be incurred and impairment charges relating to purchase price allocation. From 2009, both divisions may then be expected to post significant increases in operating earnings. The complete financial statements will be released on 26 March 2008, the date of Leoni AG's balance sheet press conference. Contact: Public & Media Relations Susanne Rothe Telefon +49 (0)911-2023-467 Telefax +49 (0)911-2023-231 E-Mail: presse@leoni.com Investor Relations Susanne Kertz Telefon +49 (0)911-2023-274 Telefax +49 (0)911-2023-209 E-Mail: invest@leoni.com 12.02.2008 Financial News transmitted by DGAP =-------------------------------------------------------------------------- Language: English Issuer: Leoni AG Marienstraße 7 90402 Nürnberg Deutschland Phone: +49 (0)911 20 23-274 Fax: +49 (0)911 20 23-209 E-mail: invest@leoni.com Internet: www.leoni.com ISIN: DE0005408884 WKN: 540888 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service =--------------------------------------------------------------------------

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