Leica’s 1st quarter financial results (fiscal year 2010/2011)

By LR admin | Published: August 19, 2010

Leica's financial results for the 1st quarter of fiscal year 2010/2011 are out:

"Leica Camera Group has closed the first quarter with sales amounting to € 56,176,000 (previous year: € 29,096,000). The net result of the Group for the reporting period has improved by € 16,249,000 to a net income of € 9,426,000 (previous year: net loss of € 6,823,000), due, inter alia, to higher contribution margins."

R&D expenses and head count is also up:

"Expenditure for research and development in the first quarter of the fiscal year came to € 3,526,000 (previous year: € 2,515,000); the number of employees in the Leica Camera Group rose from 1,068 in the prior year to 1,083."

And the future looks even better:

"For fiscal 2010/2011 the Company’s Board of Management expects further sales increases and, in conjunction with these, an EBIT result in the double-digit Euro million range."

Source

Related posts:

  1. Leica Camera AG Q1 financial results for 2011/2012 fiscal year are out
  2. Leica with record sales in third quarter of fiscal year 2010/2011
  3. Leica financial results
  4. Leica finances (fiscal year 2008-2009)
  5. Leica Camera AG reports 28% sales increase in the first half of fiscal year 2011/12, sales and earnings forecast increased

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5 Comments

  1. anonymous
    Posted August 19, 2010 at 1:59 pm | Permalink

    net of 40 mil euros/yr is not a shabby showing by any stretch!

  2. Nobody Special
    Posted August 19, 2010 at 2:45 pm | Permalink

    It’s all good news at Leica apparently.

    Good for them – and they’ve increased their R&D by a few ticks’ over 1 ML – that’s really a good sign of new things to come down the ‘pike’.

  3. asu misuh
    Posted August 19, 2010 at 5:21 pm | Permalink

    i hope with all those improvement, leica could make batter M10 n R series solution

    • Peter
      Posted August 19, 2010 at 5:50 pm | Permalink

      To celebrate all round…. how about price reductions on S2?

  4. Nobody Special
    Posted August 19, 2010 at 6:35 pm | Permalink

    Just to make sure I had read what I thought I had read….. I ‘dug-out’ my LFI from 1/2009; they interview Leica brass and there is quite a bit of talk about future products – at least they discuss without giving much details about where they are going.

    It is very clear by their answers they are speaking as innovators, that they are very open-minded about new concepts and markets. All the good news about finances is even better news for existing Leica owners – I am confident that Photokina will be a positive step forward for Leica.