Archived posting to the Leica Users Group, 2005/02/21

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Subject: [Leica] Partial translation of Leica News [in German]
From: at (
Date: Mon Feb 21 09:53:20 2005
References: <>

Bad news indeed, this means that Leica is on it's knees begging for an
interim solution to keep their heads above water until the next GM.
What comes after that is anyone's guess - banks in Germany are pulling their
purse strings VERY tight at present.

The reasons quoted for the immense losses - 

"Neben der Konjunktur machte Leica die Auftragszur?ckhaltung des Handels vor
der Fachmesse Photokina, versp?tete Produktanl?ufe und ?gezielte
Bestandsreduzierungen bei Vertriebspartnern? verantwortlich."

"In addition to the economic trend (in Germany)Leica sees the reasons in the
reticence of dealers in placing orders before the Photokina trade fair,
delayed production deadlines and stock reduction by distributors."

At least they admit the delays in production.

It definitely does not bode well for Solms.

Douglas (in Germany)
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In reply to: Message from Thinkofcole at ( ([Leica] Leica News [in German])