WCA May 2011

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Industrynews
Wire & Cable ASIA – May/June 2011 17
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.
Leoni managed to significantly exceed
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
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.
Leoni AG – Germany
Fax: +49 911 2023 455
Email:
Website:
Record sales just short of €3bn
Range
covers all
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.
Alanco-Alamatic Ltd – UK
Fax: +44 161 335 0100
Email:
Website: