Archived posting to the Leica Users Group, 2000/11/20

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Subject: [Leica] Leica Newsletter 11/20/00: Hermès partnership / First half 2000/01 results
From: Leica Camera Newsletter <leica-news@nova.de>
Date: Mon, 20 Nov 2000 14:42:57 +0100

Dear Leica friends,

Due to highly actual developments we send you this 
newsletter including the following topics:

- - Leica Camera AG and Hermès International SCA 
establish partnership
- - Interim report as of September 30, 2000



- - Leica Camera AG and Hermès International SCA 
establish partnership

The Chairman of Leica Camera AG's Management Board, 
Hanns-Peter Cohn and Hermès' Chairman, Jean-Louis 
Dumas, announce their intention to establish a partnership 
between the two houses. This willingness will be 
materialised through a public tender offer in Germany of 
Hermès for 30% of the share capital of Leica Camera AG, 
which will represent an investment of approximately Euro 
17 million. The proposed price is Euro 12.5 per share, 
representing a 30% premium on the average stock market 
price in the last three months. The period of this offer runs 
from November 22nd until December 20th,2000.

The complete press release:
http://www.leica-camera.com/unternehmen/presse/data/01907/index_e.html



- - Interim report as of September 30, 2000

The Leica Camera Group, Solms, closed the 1st half of 
fiscal year 2000/2001 (ending March 31,2001) with strong 
growth of +15.7% to DM 141.5 million. After an above-
average start with a 24% increase in the 1st quarter the 
new fiscal year continued to develop favourably in the 2nd 
quarter with growth of +8.5 % over the prior year period. 
New products as well as growing demand for products of 
the existing range will continue to support the sales 
increase in the current 2nd half of the fiscal year. Therefore 
the Board of Management of Leica Camera AG forecasts a 
sales increase in the fiscal year above the previously 
announced 5%.

The complete interim report:
http://www.leica-camera.com/imperia/md/content/pdf/investorre/annualrepo/13.pdf



With best regards,
Leica Camera AG
Marketing Communication
http://www.leica-camera.com/

______________________________________________


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