Archived posting to the Leica Users Group, 2008/12/06
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]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. > Considering the development cost of the S2 (which will reduce R10 development cost), no sales revenue from it yet, and the overall re-invention of the company, a loss is neither surprising not necessarily bad news. Bad news will be poor sales of the S2 and/or R10. Doug Herr Birdman of Sacramento http://www.wildlightphoto.com