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Cars wiring harness manufacturer: Car manufacturers compensate suppliers Leoni for fluctuating calls

16:00  10 august  2022
16:00  10 august  2022 Source:   wiwo.de

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Kabelbaum-Hersteller: Die Kunden haben Leoni für schwankende Abrufe entschädigt, etwa wenn sie wegen fehlender Chips kurzfristig die Produktion anhalten mussten. Foto: dpahttp://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA10vGJP.img?h=152&w=270&m=6&q=60&o=f&l=f © provided by Wirtschaftswoche wiring harness manufacturer: Customers have compensated Leoni for fluctuating calls, for example if they had to stop production due to the lack of chips. Photo: Dpadata portal copyright =

The car supplier Leoni is doing badly. Special payments by the car manufacturers brought him an operational profit again in the second quarter.

Special payments by car manufacturers helped the wiring harness manufacturer Leoni to make an operational profit in the second quarter. Customers would have compensated Leoni for the fluctuating call if they had to stop production due to a lack of chips, said CEO Aldo Kamper in Nuremberg on Wednesday.

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In such cases, Leoni also has to stop the "Just-in-Time" production from on-board networks. These and similar effects have improved the result of 32 million euros. Leoni also caught the rising raw material prices - especially for copper. The adjusted result before interest and taxes (EBIT) in the core business with on -board networks remained stable from April to June with 14 (2021: 13) million euros, sales rose by eight percent to 879 million euros.

The creation of parallel production structures for the works in the west of Ukraine was also financed by the car manufacturers, said Kamper. The war had stalled the supply chains in spring. The two works were currently running near LWIW - far away from the immediate combat area - "under Normalast", said the CEO. The workforce - two thirds of them - is also "quite completely present".

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The board of directors around Kamper tries to stabilize Leoni. He spoke of an "encouraging quarter" for the battered group. However, the board still does not expect a concrete forecast for the year as a whole. The perspectives for the second half of the year are fragile, said CFO Harald Nippel. In July,

had announced a fundamental cleaning with the creditors' banks in July, which is due to secure the financing by 2025. The proceeds from the agreed sale of the cable business with the auto industry to Thai strong corporation - up to 442 million euros - are to go to the banks. Another 132 million euros should come in with a capital increase and a compulsory change bond that Leoni wants to go at the end of this or early next year. The proceeds from this go to four banks who want to get out of their Leoni engagement. However, the capital increase is not a prerequisite for financing, said Nippel. The sales process was started for the rest of the cable business.

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winter tires are around a fifth of expensive .
winter tires become significantly more expensive. If you need new flaps for your car in the coming weeks, you have to pay for around one fifth more than a year ago, as can be seen from numbers from Portals Check24 and Alzura. The Tire Trade Association BRV also observes attractive prices because the manufacturers would have to deal with increasing costs from several sides. © Wolfgang Kumm/dpa winter tires are becoming significantly more expensive.

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This is interesting!