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DGAP-Adhoc: Leoni AG: Leoni sharpens its forecast for the year

26.07.2012
Leoni AG / Key word(s): Forecast/Quarter Results 26.07.2012 16:16 Dissemination 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. =-------------------------------------------------------------------------- Leoni sharpens its forecast for the year Nuremberg, 26 July 2012 - Leoni AG of Nuremberg (ISIN DE 0005408884 / WKN code 540888) has sharpened its sales and earnings forecast for the current financial year. The Management Board's projections for fiscal 2012 are now sales of between EUR 3.8 and 3.9 billion and earnings before interest and taxes (EBIT) of EUR 230 to 250 million. The Company's previous estimates were sales of between EUR 3.8 and 4 billion and EBIT of EUR 230 to 280 million. The key reasons for this range-narrowing were the Company's business performance in the 2nd quarter as well as the as the prospects for demand during the remaining months of the financial year. Based on preliminary figures, Leoni generated sales of about EUR 968 million from April to June and quarterly EBIT of about EUR 51 million. The reasons for this operating result significantly below the previous year's figure (EUR 68 million) were shifts in the product mix, various exceptional factors as well as higher costs of integrating the Daekyeung company acquired at the beginning of the year. For the 1st half of 2012, sales thus amount to about EUR 1.937 billion and EBIT comes to roughly EUR 145 million, with the earnings figure given a non-recurring boost of EUR 28 million from the sale of Leoni Studer Hard AG in the 1st quarter. Leoni is confident that it will meet this sharpened forecast despite the second quarter, which fell short of capital market expectations More comprehensive reporting with further key figures will follow as scheduled on 7 August 2012 with presentation of the final business results for the second quarter. Contact: Sven Schmidt Leoni AG Public & Media Relations Tel: +49 (0)911 / 2023-467 E-mail: sven.schmidt@leoni.com 26.07.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: Leoni AG Marienstraße 7 90402 Nürnberg Germany 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 Announcement DGAP News-Service =--------------------------------------------------------------------------

Leoni AG / Key word(s): Forecast/Quarter Results 26.07.2012 16:16 Dissemination 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. =-------------------------------------------------------------------------- Leoni sharpens its forecast for the year Nuremberg, 26 July 2012 - Leoni AG of Nuremberg (ISIN DE 0005408884 / WKN code 540888) has sharpened its sales and earnings forecast for the current financial year. The Management Board's projections for fiscal 2012 are now sales of between EUR 3.8 and 3.9 billion and earnings before interest and taxes (EBIT) of EUR 230 to 250 million. The Company's previous estimates were sales of between EUR 3.8 and 4 billion and EBIT of EUR 230 to 280 million. The key reasons for this range-narrowing were the Company's business performance in the 2nd quarter as well as the as the prospects for demand during the remaining months of the financial year. Based on preliminary figures, Leoni generated sales of about EUR 968 million from April to June and quarterly EBIT of about EUR 51 million. The reasons for this operating result significantly below the previous year's figure (EUR 68 million) were shifts in the product mix, various exceptional factors as well as higher costs of integrating the Daekyeung company acquired at the beginning of the year. For the 1st half of 2012, sales thus amount to about EUR 1.937 billion and EBIT comes to roughly EUR 145 million, with the earnings figure given a non-recurring boost of EUR 28 million from the sale of Leoni Studer Hard AG in the 1st quarter. Leoni is confident that it will meet this sharpened forecast despite the second quarter, which fell short of capital market expectations More comprehensive reporting with further key figures will follow as scheduled on 7 August 2012 with presentation of the final business results for the second quarter. Contact: Sven Schmidt Leoni AG Public & Media Relations Tel: +49 (0)911 / 2023-467 E-mail: sven.schmidt@leoni.com 26.07.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: Leoni AG Marienstraße 7 90402 Nürnberg Germany 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 Announcement DGAP News-Service =--------------------------------------------------------------------------

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