The production stoppages among car manufacturers, caused mainly by bottlenecks in the supply of semiconductors in the third quarter, increasingly affected the volumes of the Wiring Systems Division; in some cases Leoni’s production also continued to suffer due to shortages of input materials. CEO Aldo Kamper (photo) says the company “continued to stabilise despite the substantially cloudier conditions in the third quarter. Despite our progress to date, we will remain vigilant as the negative effects from the semiconductor crisis and disruption of supply chains will persist and continue to challenge us”.
Sales recovery continues; third quarter sales, seasonally characterised by the summer break and additionally affected by production stoppages among car manufacturers due to supply chain disruptions, are up around 10 per cent year-on-year at €1.169bn; consolidated sales for the nine-month period amounted to €3.818bn.
