Re: [Leica] Leica 3rd Quarter Results

["dominique pellissier" <noct@club-internet.fr>]

- ----- Original Message -----
From: Paul T. Collura <pcollura@epix.net>
To: Leica <leica-users@mejac.palo-alto.ca.us>
Sent: Thursday, February 17, 2000 4:52 PM
Subject: [Leica] Leica 3rd Quarter Results


> Dear Luggers:
>
> Leica has just released their 3rd quarter results.  It is
> interesting to note that M system sales are up 9.3%  at DM 22.2
> million for the quarter but R system sale are down 6.3% at DM 9.8
> million (down 14% for nine months).  Compact camera sales were up
> 55.4% for the quarter apparently due to strong Christmas sales.
> Total sales for compact cameras in the quarter of DM 16.8 million
> exceeded R system sales of DM 9.8 million.  Even binocular sales of
> DM 12.7 million exceeded R sales which were nearly equaled by
> projector sales of DM 6.2 million.
>
> The above data clearly underscores the problems with the R system
> which is unfortunate as the lenses are so darn good.  BTW, research
> expenditures were reduced 16.9% for the quarter.
>
> Paul
>

###########
There are good news in the report too :
Leica is now making profit after several quarters of losses
and
R system sales are decreasing more and more slowly. Negative slope of the
sales curve but with a positive second derivative.

I've also read : "Additional growth potential is being developed through new
export
partners in parts of Asia, in Canada and also in one European market. : "

What is this European market : Belgium with a new distributor ?
For Canada I guess that the change of distributor is pointed at.


Dominique