Re: Leica Financial news...

Thanks for the alert, David.

Though certainly better news, I wouldn't characterize
a loss of 9M Euros as "a good thing". Certainly better
than 18M, but not really very good. Hopefully the
losses are from one-time events that will allow
profitability next year. If it's a systemic loss
that's a whole 'nother ball game.

Anyone delve into the financials who can shed some
more detailed information?

Bob

--- David Young <telyt@xxxxxxxxx> wrote:

> 
> 
> Several things which may interest you... or not.
> 
> 
> [1] In February, SOCRATES Privatstiftung, of Vienna,
> Austria acquired 
> 50.4% of the voting shares of Leica Camera.  Hermes
> (Fr.) is no 
> longer in control of the firm.
> 
> [2] For the fiscal year ending March 31, last, sales
> were 106.7 
> Million Euros, up 15.9%.
> 
> [3] International sales were 80.9% of the total
> sales, with the US 
> their biggest market for the first time - with 24.6%
> of Leica's Sales.
> 
> [4] Sales of "system cameras" (M & R) were 34.5
> Million Euros - up 
> 12.2% (mostly on the strength of DM-R sales).
> 
> [5] Sales of Compact cameras were 16.9 Million Euros
> - up 6.6%.
> 
> [6] Sports optics (Binoculars & Spotting Scopes)
> were 36.4 million 
> Euros - up 20.5%.
> 
> [7] Sales of slide projectors continued to tank -
> now 1.8 million 
> Euros - down 19%.
> 
> [8] Earnings (before adjustments and taxes) were 0.6
> Million Euros, 
> improved from a loss of 10.6 Million Euros the year
> before.
> 
> [9] Overall, Leica Camera lost 9.2 million Euros,
> compared with a 
> loss of 18.1 Euros the year before.
> 
> 
> Over-all, it looks as if things are improving.  As
> Martha would 
> say... "This is a good thing!"
> ---
> 
> David Young,
> Logan Lake, CANADA
> 
> Personal Web-site at: http://www3.telus.net/~telyt
> Limited Edition Prints at:
> http://www3.telus.net/~telyt/prints.htm
> Leica Reflex Forum web-page: 
> http://www3.telus.net/~telyt/lrflex.htm
> 
> 
> 
> 
> 
>
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Bob Adler
Palo Alto, CA
http://www.raflexions.com

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