Leica’s sales up 17 % thanks to the M9

Leica's own equipment getting ready for a M9 class - over $100k on the table!

Today Leica announced their Q3 results for fiscal year 2009/2010:

"Sales growth of 17 % compared to the previous year – positive result for the quarter confirms the course adopted at the beginning of the fiscal year

Leica Camera Group closed the third quarter with sales in the amount of € 48.1 million (previous year: € 41.1 million). The sales increase mainly results from the doubling of sales of the Leica M system, on the strength of the Leica M9 rangefinder camera presented in September 2009. The period under review also saw the start of delivery of the professional camera system Leica S2. In addition, products of the Leica sports optics range also contributed to the increase in sales.

For the third quarter the Company therefore achieved a positive result in the amount of € 4.8 million. This corresponds to an improvement of € 5.4 million vis-à- vis the comparable prior year period. The improved result is due to the increase in sales, higher contribution margins, as well as the success of cost cutting measures relating to other operating expenses. Currently, Leica Camera Group still shows a net loss for the year of € 4.8 million, which will be further reduced during the fiscal year."

The full report can be downloaded here.

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