Leoni reports ‘positive trajectory’ in the first quarter of 2021
German automotive supplier Leoni has reached consolidated sales of 1.35 billion Euro, well up on the previous year in the first quarter of 2021 (1.1 billion Euro). The company posted an EBITDA of 106 million Euro, compared to 4 million Euro in Q1 2020.
“We continued our operational recovery of the preceding quarters in the first quarter of 2021. We reached initial milestones in the improvement of our portfolio with the sale of LEONI Schweiz AG as well as the agreement on the disposal of business units of LEONI Kerpen GmbH. Overall, our progress in operational and strategic terms gives us confidence that we have embarked on the right course to stabilise our business on a sustainable basis. Our focus continues to be on diligently implementing all measures needed to further improve LEONI’s performance and efficiency in the future,” said Aldo Kamper, CEO of Leoni AG.