CityAM: Leica UK sees slower sales despite new camera launch

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This comes from cityam.com:

“Leica Camera, which is owned by German parent company Leica AG and distributes cameras in the UK, reported a 12 per cent dip in turnover for the year ending March 2013, to £13m from £14.9m a year ago. This fed into a 16 per cent fall in gross profits and smaller profits before tax of £561,000 for the year, according to accounts.”

I am just not sure where CityAM got that financial information since Leica is no longer a publicly traded company and I seriously doubt they would disclose their financial statements, especially if they are not positive.

Update: CityAM emailed me and confirmed that they got the information from Leica house filings (www.companieshouse.gov.uk), which I guess are mandatory for private companies in the UK.

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