Nürnberg/Germany (Leoni) – Leoni AG continued on its expansion course in the third quarter of 2007 as well: The consolidated sales of this specialist in wire, cable and wiring systems increased by 10.5 percent year on year to EUR 593.3 million (previous year: 536.7). The volume of business increased by a total of 16 percent in the first nine months, to EUR 1.77 billion (2006: 1.53). Although Leoni recorded a drop in earnings before interest and taxes (EBIT) to EUR 34.6 million in the third quarter of 2007 (37.7 in 2006) due to pre-production spending on future projects, the EBIT of EUR 103.8 million for the period from January to September 2007 held exactly at the corresponding figure for the previous year. Consolidated net income was up 25 percent in the third quarter of 2007 to EUR 27.8 million (2006: 22.3). Added up over the first nine months, net income rose to a new high of EUR 72.4 million (2006: 60.7), boosted by tax benefits.
The basis for Leoni AG’s ongoing expansion is its strong position in growing markets and a successful acquisition strategy. Of the sales increase over the first three quarters of 2007 totalling EUR 244.7 million, Leoni generated a large proportion of EUR 99.4 million from its own resources. Acquisitions accounted for EUR 101.3 million. The remaining EUR 44.0 million was due to a higher price of copper. At the end of September 2007, Leoni employed 34,958 people Group-wide, up from 34,753. Of this total, 30,970 people worked at facilities outside Germany (previous year: 30,950). In Germany, the workforce increased, due to new subsidiaries and recruitment, by 185 employees to 3,988 people.The Wire & Cable Solutions division increased its external sales by nearly 17 percent year on year in the period from July to September 2007, to EUR 364.0 million (from 311.7). The division’s sales increased by 27 percent overall in the first nine months, to EUR 1,034.3 million (2006: 815.0). Here Leoni grew above all as a result of infrastructure projects – among others involving cable systems for refineries and airports. Special cables for medical equipment as well as for the mobile communications and railway industries were also in strong demand.
The division’s EBIT in the first three quarters of 2007 rose by 23 percent compared with the same period in the previous year to EUR 65.2 million (from 53.0).

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