Archived posting to the Leica Users Group, 2008/12/06

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Subject: [Leica] Bad news at Leica
From: douglas.sharp at gmx.de (Douglas Sharp)
Date: Sat Dec 6 02:57:05 2008

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

Replies: Reply from jls at runbox.com (Jeffery Smith) ([Leica] Bad news at Leica)
Reply from photo at frozenlight.eu (Nathan Wajsman) ([Leica] Bad news at Leica)