Re: Leica Financial news...
- From: David Young <telyt@xxxxxxxxx>
- To: leica@xxxxxxxxxxxxx
- Date: Tue, 23 May 2006 11:52:39 -0700
At 23/05/2006, you wrote:
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
My understanding, Bob, is that this loss was expected. They expect a
smaller loss this year (due to the startup costs for the digi-M), but
expect to turn a small profit in the year ending March 31, 2008. The
theory is that larger profits should follow.
I also understand that the group of investors, SOCRATES
Privatstiftung - who have taken financial control of Leica, have
fairly deep pockets. They bought the firm at a fairly low
price, because of its financial position, and have both the faith
that things will improve and the willingness to wait for it to happen.
---
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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