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

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.”


This entry was posted in Other Leica Stuff. Bookmark the permalink. Trackbacks are closed, but you can post a comment.
  • FCC disclosure statement: this post may contain affiliate links or promotions that do not cost readers anything but help keep this website alive. As an Amazon Associate, I earn from qualifying purchases. When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Thanks for your support!