Leoni raises sales and earnings forecasts significantly after a strong first quarter

Leoni AG of Nuremberg has significantly raised its forecast for the current financial year. The Management Board’s projections for fiscal 2011 are now sales of about EUR 3.4 billion and earnings before interest and taxes (EBIT) of approximately EUR 210 million. The Company’s previous estimates were sales of at least EUR 3.1 billion and EBIT of around EUR 170 million.

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