Archived posting to the Leica Users Group, 2008/12/06
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]A bit more detail from the press release on Leica's web site: - the sales decline was expected due to buyers holding back in the run- up to Photokina, the lack of new products during the several months leading up to Photokina, and the poor economic environment - the loss was allegedly also expected due to the sales decline coupled with higher development costs (it should also be noted that the number of employees went from 987 to 1061 during the reporting period - they claim to see signs of a sales uptick beginning in October 2008 following the new product introductions - for the whole 2008/9 financial year, the company expects a loss in "high single digits M EUR", so probably 9.9 million ;-) - they expect that the sales of new products etc. will result in a small profit in 2009/10 So not entirely hopeless if the corporate PR is to be believed. The press release here: http://www.leica-corporate.de/investor_relations/financial_reports/2008/index.html Nathan Nathan Wajsman Alicante, Spain http://www.frozenlight.eu http://www.greatpix.eu http://www.nathanfoto.com Books: http://www.blurb.com/bookstore/search?search=wajsman&x=0&y=0 PICTURE OF THE WEEK: http://www.fotocycle.dk/paws Blog: http://www.fotocycle.dk/blog On Dec 6, 2008, at 11:56 AM, Douglas Sharp wrote: > Morning all, > > Get out and buy M8s and lots of lenses!! :-) > > The local paper here in Hannover reports that Leica is running at a > loss again. > > After moderate profits last year, the company made a net loss of 7.2 > milliion euros in the first half of the financial year 2008/2009 (in > the same period of the previous year, they made a net profit of 6.5 > million). > > Total revenues fell in the same period by more than 40 MEUR to 52 > MEUR. > > A company spokesman reported that the figures are due to falling > sales and development investments. > > Best from Hannover > Douglas > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information