Archived posting to the Leica Users Group, 1998/12/24
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Below is a report from Leica as quoted from teh PMA Daily Newsline: "LEICA CAMERA GROUP REPORTS DROP IN OVERALL SALES The Leica Camera Group, Solms, Germany, announced results for the first half of fiscal 1998/99. Despite a negative influence of the economic crisis in Asia, the company reported sales of DM 123.9 million, compared with DM 126.3 million in the same period last year. The operating result declined from DM 3.8 million in the first half of fiscal 1997/98 to a loss of DM 1.2 million in the current year, leading to a pretax result of minus DM 4.7 million and a total loss of DM 5.4 million. Sales of the company's traditional Leica M System remained almost stable with DM 29 million. Sales of the Leica R System declined by 37 percent to DM 21.9 million, while compact cameras grew by nearly 70 percent to DM 22.4 million. Other business sectors such as binoculars, telescopes and projectors, showed significant increases."