The Cable Directory

Tuesday, Aug 18, 2009

Ducab, a United Arab Emirates-based power cables manufacturer equally owned by the governments of Dubai and Abu Dhabi, plans to set up an industrial unit in Saudi Arabia after seeing the investment opportunities available in the country, Al Riyadh daily reports Tuesday.

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Monday, Aug 17, 2009
Bahra Cables Company, the latest and among the leading cable factories in the Kingdom of Saudi Arabia and a member of CPC Group of Companies, has received the world-famous KEMA certification for its range of 0.6/1 kV power cables.The test certification by the Netherlands-based KEMA Quality BV — an independent authority in quality testing and certification of power distribution and electrical equipment – is a major endorsement of Bahra Cables’ quality processes.

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Thursday, Aug 13, 2009
FOCUS ON DEBT REDUCTION SUCCESSFUL NET DEBT LOWERED BY € 65 MILLION DRIVEN BY STRONG CASH FLOW GENERATION (€ million unless stated otherwise) H1 􀂃 Revenue down 30%, mainly due to lower volume (–20%) and lower copper prices (–12%).

􀂃 Operating result, excluding non-recurring items, € 41.0 million (-49%), reflecting lower volumes and consequently lower capacity utilisation at Draka’s factories.

􀂃 Operating margin of 4.0% mainly achieved by Energy & Infrastructure (5.5%) and Industry & Specialty (6.3%).

􀂃 Cost-saving programmes proceeding according to plan. Cost savings of around € 10 million achieved in H1 2009; savings of some € 20 million expected for H2 2009.

􀂃 Result for the period, excluding non-recurring items, € 19.4 million (–61%).

􀂃 Operating working capital improved further to 15.8% of revenue (H1 2008: 18.4%).

􀂃 Cash flow from operating activities sharply higher at € 74.7 million (H1 2008: € 5.1 million).

Free cash flow amounted to € 66.5 million positive compared with € 18.6 million negative in H1 2008.

Commenting on the figures, Sandy Lyons, Chairman and CEO of Draka Holding N.V., said: ‘Despite the very difficult market conditions faced by Draka in the first half of 2009, the results were in line with our earlier forecasts and our net debt position improved considerably. Market conditions appear to be stabilising since the second quarter of this year, but the economic outlook is still highly uncertain and Draka will continue to focus on pursuing its strategic objectives, the most important of

which are cost reduction, capital discipline and maximising free cash flow.’

Click here for full report

Are you looking for an onshore cable manufacturer or distributor in Greece. At the www.thecabledirectory.com we have the world leading database of cable manufacturers and distributors in the world?

Fulgor
Teleimpex SA
Telecables
Nexans Hellas I.S.A.
MA-BI-KAL S.A.
Hellenic
General Cables Orfanidi Bros ABEE
3M Hellas Ltd

Please send any enquiry through to Alastair Caithness at al.caithness@thecabledirectory.com and we can find a supplier to service your order.

Tuesday, Aug 11, 2009
The global economic crisis again exerted a considerably adverse effect on Leoni in the 2nd quarter of 2009. Yet the Company made substantial progress compared with the first three months of 2009. Although the Q2/2009 consolidated sales of this leading provider of cable systems to the automotive sector and other industries were, at EUR 530.3 million, 35.3 percent below the previous year’s like-for-like figure of EUR 820.0 million, they were about 8 percent above the 1st quarter’s figure. Thanks to the resolute implementation of the far-reaching cost reduction programme, the earnings situation improved perceptibly in the course of the year. Adjusted for exceptional items*, the earnings before interest and taxes was, with a loss of EUR 3.1 million, almost at break-even level in the 2nd quarter of 2009. Including restructuring expenses, impairment charges of non-current assets as well as the impact of allocating the purchase prices of earlier acquisitions, the quarterly EBIT-level result works out to a loss of EUR 31.0 million (previous year: profit of EUR 37.4 million).
In total for the 1st half of 2009, Leoni generated consolidated sales of EUR 1,022.7 million (previous year: EUR 1,590.7 million) and an EBIT-level loss of EUR 77.8 million (previous year: profit of EUR 71.5 million). After taxes, the result was a net loss of EUR 88.2 million (previous year: net income of EUR 45.9 million). As part of adjusting capacity and reducing costs, the Company shed a significant number of jobs. On 30 June 2009, Leoni employed 45,522 people Group-wide, i. e. 7,762 fewer than on the same date in 2008. Of this total, there were 41,555 employees outside Germany (previous year: 49,100) and 3,967 in Germany (previous year: 4,184). Staff are currently working short-time at nearly all facilities in Germany and at numerous ones abroad. More job cuts are likely in the second half of the year. Leoni has made corresponding provisions, which, together with ongoing costs, resulted in substantial restructuring expenses totalling EUR 20.2 million in the first six months of 2009 (previous year: EUR 3.7 million).

Slight pick-up in wiring systems for the automotive industry
The demand situation in the Wiring Systems division stabilised at a low level as the year progressed. In the process, Leoni benefited not only from the launch of new premium-segment vehicle models but also partially from scrappage schemes, which have boosted sales of small and medium-sized cars in various countries. The external sales of the Wiring Systems division amounted to EUR 311.2 million in the 2nd quarter of 2009 and, although they were thus significantly below the 2008 like-for-like figure (EUR 429.0 million), this was 15 percent above the level in the 1st quarter of 2009. The Wiring Systems division’s total sales came to EUR 581.2 million in the first half of 2009 (previous year: EUR 840.1 million).

Mixed picture in the wire and cable business
Performance in the market segments of importance to the Wire & Cable Solutions division varied widely in the 2nd quarter. Whereas demand for automotive cables, electrical appliance cables and cabling for infrastructure projects increased again, there was in some cases a sharp decline in the capital goods industry. The division’s external sales from the beginning of April to the end of June 2009 were, at EUR 219.1 million, well down from the previous year’s exceptionally high figure of EUR 391.0 million. The volume of business stabilised compared with the first three months, with demand picking up considerably in June particularly for automotive data cables as well as cables for the solar industry and rolling stock engineering. For the first half of 2009 as a whole the division reports a business volume of EUR 441.4 million (previous year: EUR 750.5 million).

Forecast: Fiscal 2009 sales between EUR 2.1 and 2.2 billion
In view of the still uncertain economic situation and the lack of any signs of a sustained turnaround in the markets of importance to Leoni, it remains difficult to issue a forecast for the year as a whole. Leoni currently expects to generate consolidated sales of between EUR 2.1 and 2.2 billion in 2009 (previous year: EUR 2.9 billion. Provided that the upper end of this sales range is attained, Leoni should at least achieve break even at the level of adjusted earnings before interest and taxes* in the 2nd half of 2009. With respect to free cash flow, which was positive in the amount of EUR 43.9 million in the 2nd quarter (Q1/2009: a negative amount of EUR 107.9 million), the objective for the year as a whole continues to be a balanced figure.

As planned, Leoni will implement further personnel measures in the second half of the year, which require restructuring expenses of about EUR 30 million. Thus, those expenses are likely to amount to EUR 50 million for the year 2009 as a whole. At maximally EUR 110 million, capital expenditure in 2009 will be roughly the same size as depreciation/amortisation. The cost reduction programme will exert its full effect next year. Leoni will thus be able to operate profitably even in a persistently difficult economic setting and to rapidly benefit from a recovery in business.

Further images can be found here.

The entire quarterly financial report can be downloaded here.

Are you looking for an onshore cable manufacturer or distributor in Germany. At the www.thecabledirectory.com we have the world leading database of cable manufacturers and distributors in the world?

Corning
Leoni Kerpen GmH
Kupferberg-Kabel
Kabel Wachter GmbH and Co.
ISOMIL
HPM Kabel
Helukabel
Boger Electronics
Baude Kabeltechnik GmbH
Sikora
Sab Brockskes GmbH and Co.KG
Norddeutsche Seekabelwerke GmbH and Co. KG
Muckenhaupt
Leoni

Please send any enquiry through to Alastair Caithness at al.caithness@thecabledirectory.com and we can find a supplier to service your order.

Monday, Aug 10, 2009

Airport expansion, upgrading, the new Nelspruit Kruger Mpumalanga airport and the proposed construction of the major King Shaka Airport at La Mercy near Durban have created demand for a highly specialised electrical cable to supply power for critical runway lighting systems.

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Are you looking for a manufacturer or distributor of Twisted Pair Telecom Cables in the UK?

B3 Cables is the leading provider of this product in the UK.  Please find some background information below

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