Archived posting to the Leica Users Group, 2001/09/26
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I picked this up today from the Photo Marketing Assn. Daily Newsline
about the worldwide photo business.
Ken Lassiter, Boynton Beach, FL
Leica increases after-tax profit
Leica Camera AG, Solms, Germany, posted a first-quarter after-tax
profit of euro 160,000, up from euro
136,000 for the prior year. According to PMA European Newsline, the
turnover from April to June
decreased by 5.6 percent to euro 34.2 million while the expenses for
research and development went up
from euro 168,000 to euro 1.6 million. Starting the new fiscal year,
Leica plans to launch strategic new
products, particularly in sport optics and digital compact cameras.
The operating result reached euro
204,000, compared with euro 221,000 in the same period last year.
Sales of SLR camera systems declined
3 percent to euro 15.8 million. Cameras and lenses of the Leica
M-System as well as the Leica 0 edition
developed positively, with 4,000 units of the historical camera model
sold. Sales of compact cameras fell
back 44.2 percent to euro 3.2 million. With an increase of 26.1
percent to euro 7.9 million, sport optics
showed a positive development.
By region, turnover in Europe declined by 12 percent to euro 17.5
million. The German market was down
6.6 percent to euro 8.9 million, but is still more stable than other
European markets. Particularly the
significant development in China and Korea led to an increase of 25.4
percent to euro 7.5 million in the
Australasian region. The countries of the NAFTA region achieved a
turnover of euro 8.7 million, a minus of
15.1 percent.
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