Leoni AG is a global provider of cables and cable systems, based in Nuremberg, Germany. Founded in 1917 by Robert Leoni, the company went public on the Frankfurt Stock Exchange in 1999 and is part of several indices including the SDAX and MDAX.
Leoni provides customized solutions for medical technology, automotive engineering, aerospace and defence, power and data installation, building automation, as well as other industrial areas. The company has business partners in more than thirty countries around the world and its market capitalization is €179 million as of November 2022.
Leoni AG has had an impressive share price history since it was founded in 1917. The company's highest-ever share price was €64.14 in Jan 2018, and the lowest share price was around €5 in October 2020.
Significant events that have affected Leoni AG’s share price include its acquisition of Wiring System Europe GmbH in 2010, and the company’s restructuring of its Wire & Cable Solutions division in 2012. In 2020, Leoni closed 12 factories to cut costs related to COVID-19.
Leoni AG is a major player in the manufacturing and industrial sector, specializing in auto parts, cables, electronic components and fiber optics. The company’s main competitors include Prysmian Group and Aptiv.
Prysmian Group is a global leader in the energy cable systems industry with strength in production of specialty material for special application and high-end cables. Aptiv is a global technology company that designs, manufactures, and sells electrical, electronic and active safety products for the automotive sector.
Leoni AG has strong brand recognition and a long track record of success in the industry. It is also well-positioned to take advantage of changing trends and emerging technologies with its innovative products. On the other hand, Leoni AG could be vulnerable to competitive pressures from larger companies such as Prysmian Group and Aptiv which have larger market shares and more resources at their disposal.
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