WCA May 2011

Industry news

Record sales just short of €3bn

confident of generating further, significant increases in earnings. The recent impairment of production and logistics at the facilities in Tunisia and Egypt will, as it stands today, not result in any material financial burden.

its target of at least neutral free cash flow. Consequently, net debt could be reduced by around €50 million according to preliminary figures, being again below equity at year end for the first time since the onset of the economic crisis. Leoni reaffirms its sales forecast of more than €3.1 billion for the 2011 financial year. The company is

Leoni, the leading provider of cables and cable systems to the automotive sector and other industries, generated record sales of some €2.96 billion (previous year: €2.16 billion) in the financial year 2010, according to preliminary calculations. Apart from a further increase in the copper price, the forecast figure of about €2.8 billion was substantially exceeded thanks to a dynamic uptrend in demand from both the automotive industry and all other pertinent markets up to the end of the year. The very strong increase in sales of cable harnesses and wiring systems for vehicles in the BRIC countries, as well as the USA, merits particular mention. Likewise in terms of earnings before interest and taxes (EBIT) Leoni succeeded, with a figure of about €131 million (previous year: loss of €116 million), in clearly beating its most recent target of €120 million. Further restructuring charges incurred in the fourth quarter are already absorbed in this result. applications Formed in 1966, Alanco-Alamatic Ltd, manufacturer of industrial disc brakes, brake discs, safety chucks and tension control equipment, has a range covering virtually all braking applications. There is a continuing research and development programme with all the products plus new product ideas to deal with applications where disc heat build-up has become a problem. With a range of brake pad grades, lo-coefficient, standard and hi-coefficient, there is a great versatility within the range. Leoni managed to significantly exceed Range covers all

Leoni AG – Germany Fax : +49 911 2023 455 Email : info@leoni.com Website : www.leoni.com

Alanco-Alamatic Ltd – UK Fax : +44 161 335 0100

Email : ingo@alanco-alamatic.com Website : www.alanco-alamatic.com

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Wire & Cable ASIA – May/June 2011