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LEONI AG, based in Nuremberg in Bavaria, Germany, is a leading manufacturer in the production of wires, cables and wiring systems, most notably as a supplier of harnesses for the automotive industry. These product groups are divided into two divisions "Division Wire & Cable Solutions" (formerly "Wire and Cable") and "Wiring Systems Division" (formerly "Wiring Systems"). The roots of Leoni to the year 1569 back as Anthoni Fournier opened a workshop in Nuremberg, which produced “Lyonese wares”. The main plant is located 30km from Nuremberg in Roth.

It is listed on the Frankfurt Stock Exchange and is a member of the mid-cap MDAX index, and is claimed as global leader of cable systems.

Origins


In 1569 a Frenchman named Anthoni Fournier founded a workshop in Nuremberg for producing “Lyonese wares”, i.e. products from the processing of copper-, silver- or gold threads and wires (for embroidery, jewelry, etc.). In 1621 Fournier's sons opened more workshops for Lyonese wares south of Nuremberg. From them emerged the companies Johann Balthasar Stieber & Sohn, Johann Philipp Stieber, and the Vereinigte Leonische Fabriken.

Foundation and expansion of the company
In 1917 these companies joined forces and established the Leonische Werke Roth-Nürnberg AG. Six years later in 1923 it was first listed in stock exchange. In 1928 it began the production of magnet wire.

The company changed its name in 1931 to Leonische Drahtwerke AG, based in Nuremberg, and started producing rubber-sheathed cables, then PVC insulated cables in 1943, power cords in 1948 and wire harnesses in 1956.

From 1934 it entered the automotive industry as a wire supplier. In 1977 it opened its first plant in Tunisia, Câblerie de Sousse, for the production of cable harness for the automotive industry.

Starting from 1989 the company has started to expand by acquiring from other firms, such as Westfälische Kupfer- und Messingwerke AG, Luedenscheid or Kabelfabrik Otto Zimmermann.

In 1999 it finally shortned its name to LEONI AG. It also converted to a holding company and three divisions: LEONI Draht GmbH & Co. KG, LEONI Kabel GmbH & Co. KG and LEONI Wiring Systems GmbH & Co. KG.

In 2006, Leoni bought the companies Kerpen GmbH & Co. KG and Studer Cables AG (Switzerland). In May 2007, Leoni bought 80% shares in the silicone specialist Silitherm. 2012 Leoni generated sales of €3,809 billion (2011: 3,701, 2010: 2,956) and EBIT of €235.8 million (2011: 237.14, 2010: 130.72). Net profit was €156.02 million (2011: 155.96, 2010: 67.25).

As of 31 December 2013, the company employed 61,591 employees (2012: 59,393) with a turnover amounting to €3.917 billion. Net 2013 profit amounted to €105 900 000.

On December 31, 2014, the company employed 67,988 people and generated revenues of €4.1 billion. Consolidated net income amounted to €115.1 million, 2014. EBIT increased by 12 percent to €182.5 million. 90.1% of people were employed in 2014 in low-wage countries such as Morocco, Egypt, Serbia, Romania and Ukraine and 6.3% in Germany.

Acquisitions
October 1, 1999: four Siemens subsidiaries:
 * Line Friesoythe GmbH & Co. KG
 * Special Cables & Wires GmbH & Co. KG
 * Siemens Automotive lines GmbH & Co. KG
 * Siemens Automotive Components GmbH & Co. KG

February 3, 2000: Lucas Rists Wiring Systems from TRW American Group.

September 1, 2004: Klink + Oechsle GmbH

July 1, 2005: Neumatic Elektronik + Kabeltechnik GmbH & Co. KG

October 4, 2005: joint venture with the Swiss cable manufacturer Studer founded for the wiring of rail vehicles. Leoni holds 70 percent of the joint venture (L & S Transportation Systems).

16 October 2007: acquisition of the onboard network business of Valeo (Valeo Connectivity Systems)

Restructuring
After a weak third quarter 2015, Leoni announced on October 12 2015 a dramatic profit warning, both for the current year, and for 2016. As for 2015, the company pointed to surprisingly heavy loads in the electrical system segment: "[H]ere led accelerated ramp-up of complex projects in conjunction with unexpectedly raised numbers to increased expenses and decreased efficiency. Without a specific goal to mention this was added the premature termination of high-margin projects. " says the company’s press release. The targeted 2015 EBIT of EUR 200 million was rejected, which held €4.3 billion on sales target. For the clouded outlook for 2016, Leoni indicated "deteriorated economic conditions in China and Russia". Instead of €4.8 billion in sales, the company expected now only €4.6 billion, the previous target of an EBIT margin of 7% will not be met. On the next trading day, the company's share price plunged by more than 30 percent.

On November 9, 2015 Leoni said that the charge of the division wiring system board member Dr. Andreas Brand had resigned. On January 1, Dr. Frank Hiller took over the management of the business sector. Bruno Fankhauser was also appointed to the board on 1 February 2016 as Head of the Wire & Cable Solutions.

In 2015, finally, Leoni was able to record an EBIT of around €151 million. The expected 2016 EBIT was estimated at €105 million.

Wiring & Cables Solutions

 * Allianz
 * Philips
 * Electrolux
 * Nokia
 * Alcatel-Lucent
 * IBM
 * Vodafone
 * ABB Group
 * BP
 * The Linde Group
 * Tyco
 * Zeiss
 * Bombardier

Leoni made all cables and powercords for Dell and Gateway 2000 during the dot-com boom of the 1990s in their plant in Birr, Offaly, Ireland, which was then moved to Slovakia.

For cars

 * Daimler (Mercedes and Smart)
 * General Motors (Opel, Chevrolet)
 * Volkswagen and its other brands Audi, Lamborghini, Porsche, SEAT, Bentley
 * BMW, Rolls-Royce Motor Cars
 * Peugeot-Citroën
 * Renault-Nissan, Dacia
 * FIAT, Lancia, Alfa-Romeo
 * Land Rover
 * Aston Martin

For trucks

 * Volvo
 * DAF Trucks
 * MAN
 * Paccar
 * Mack
 * Kamaz
 * JCB
 * Caterpillar
 * Perkins
 * Cummins
 * CNH
 * AGCO
 * Fendt
 * Claas

Global presence
As of February 2015, Leoni is present in 31 different countries.

Shareholders
LEONI AG is a publicly traded company listed on the Frankfurt Stock Exchange and entirely floating.

Its largest shareholders are

Awards
Leoni has been certified to be one of Germany's best employers every year since 2004 by the Corporate Research Foundation.

The company also regularly receives awards from its clients. In 2015, for instance, it received Jaguar Land Rover's Global Supplier Award, PSA Peugeot Citroën's Supplier Award (for cost saving) , Caterpillar's Supplier Excellence Silver Award, and United Imaging's Quality Improvement Award. Leoni Cable was also named Green Supplier of the Year by Yazaki, for its initiatives to reduce its annual water usage by 15 million liters, and potential landfill materials by 30,000 tons.