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.”