German automotive supplier Leoni Corporation (Leoni) has announced its results for the first quarter of 2011. The report shows the company's first quarter operating income from 659 million euros last year rose to 911 million euros, up 38.3% year on year. Quarter, the company's net profit more than tripled over the same period, the net profit of 10.2 million euros last year rose to 35.5 million euros, up 259% year on year.

    Lenny the company, according to data released, the company's first quarter earnings before interest, taxes, depreciation and amortization from the same period last year 49 million euros (7.4% margin) increased to 88.1 million euros (9.7% margin), rose 79.8%; quarter EBIT of the company from the same period last year 23 million euros (3.5% margin) increased to 61.4 million euros (6.7% margin), up 167% year on year; its adjusted EBIT Profit from the 25.7 million euros last year rose 156% to 65.9 million euros.

    The company said the size of the business thanks to Lenny and the company had the full effect of the implementation of cost-cutting program, the company's first quarter earnings this year, the growth rate increased.

    At the same time, given the good performance of the company's first quarter, the company expects its full-year 2011 consolidated operating income will reach 3.4 billion euros; and its consolidated profit before interest and tax will reach 210 million euros (6.2% margin) . It is reported that the company's actual consolidated revenue in 2010 was 29.6 billion euros in its 2010 consolidated EBIT was 131 million euros (4.4% margin).