Leoni Raises 2010 Sales and Earnings Forecasts Significantly

Leoni AG of Nuremberg has raised its forecast for fiscal 2010. The Company now expects to generate sales of between EUR 2.6 and 2.7 billion and thus to achieve a year-on-year increase of between 20 and 25 percent. Earnings before interest and taxes (EBIT) are now put at about EUR 100 million. Leoni previously projected a sales rise of about 10 percent to EUR 2.4 billion with EBIT of at least EUR 50 million.

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