Leoni AG Business Report FY ended Dec. 2016

Financial Overview

(in million EUR)
FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 Rate of change (%) Factors
Sales 4,431.3 4,502.9 (1.6)
EBIT 78.1 151.3 (48.4)
Wiring Systems Division
Sales 2,689.7 2,668.2 0.8
EBIT 34.7 87.4 (60.3)
Wire & Cable Solutions Division
Sales 1,741.6 1,834.7 (5.1)
EBIT 83.7 63.9 31.0


-The Company announced that it has sold the subsidiary Leoni Studer Hard GmbH with its location in Bautzen, Germany, to Ionisos SAS, a French-based specialist in ionizing radiation. The plant in Bautzen, which comprises about 30 employees and two electron beam accelerators, is providing irradiation crosslinking services to third-party customers. By selling this activity, the Company is making the first step in streamlining the scope of its Wire & Cable Solutions Division. (From a press release on November 4, 2016)


-The Company will acquire a 51% stake in Wuhan Hengtong Automotive Wire Harness Co., Ltd. based in Hubei Province. The wire harness plant covers 13,000 square meters and employs approximately 1,000 people. Its sales in 2016 are expected to reach EUR 35 million. Leoni has spent three months preparing for this acquisition project, which will make it a wire harness supplier to Dongfeng Motor and Dongfeng Peugeot-Citroen Automobile Limited. (From news releases issued by multiple sources on September 13, 2016)


-The Company obtained two follow-up orders from the PSA Group with a total lifetime sales volume of EUR 500 million. Starting in October 2018, the Company will equip a DS successor model as well as the future Peugeot 208 and 2008 with wiring systems. The recently awarded contracts comprise not only the product design and development but also include sequencing the deliveries and the responsibility for serial life through 2026. Dedicated for the European market, Leoni will manufacture different types of harnesses for the next generation models 208 and 2008 and a successor car of the DS brand in its plants in Eastern Europe and North Africa. (From a press release on June 23, 2016)

R&D Expenditure

(in million EUR)
FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Total 134.4 119.8 109.3

R&D Employees

Dec. 2016 Dec. 2015 Dec. 2014
Wiring Systems Division 1,249 1,221 1,281
Wire & Cable Solutions Division 447 448 356
Total 1,696 1,669 1,637


-In 2016, the number of registered proprietary rights came to 60 patents and utility models (previous year: 42), of which 11 from the Wiring Systems Division (previous year: 16) and 49 from the Wire & Cable Solutions Division (previous year: 26).

Capital Expenditure

(in million EUR)
FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Wiring Systems Division 135.4 168.3 139.2
Wire & Cable Solutions Division 65.3 67.7 68.0
Other 10.0 11.4 8.6
Total 210.8 247.5 215.8