Leica Camera AG Q1 financial results for 2011/2012 fiscal year are out

Leica Camera AG released its interim financial report for first quarter of the 2011/2012 fiscal year. Sales are up 28.7% compared with previous year. Leica has also taken “measures designed to improve stock availability”. Here is the full report:

Leica Camera Group maintained its growth during the first quarter of the new fiscal year. At EUR 72,313,000, sales were 28.7% up on the corresponding quarter of the previous fiscal year (EUR 56,176,000), while the consolidated net income for the period under review, influenced by such factors as a higher contribution margins, rose by EUR 1,403,000 to EUR10,829,000 (previous year EUR 9,426,000).

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Leica Camera AG approves dividend

Annual General Meeting of Leica Camera AG approves dividend / year concludes with record sales / Board of Management reaffirms results forecast

On August 12, 2011 in the Wetzlarer Rittal-Arena, the Annual General Meeting of Shareholders (AGM) of Leica Camera AG, Solms resolved to distribute a dividend for the first time since 1997. The dividend will be €0.30 per share. The AGM thus approved the proposal made by Leica Camera’s Board of Management and Supervisory Board.

The AGM rounded off a successful 2010/2011 fiscal year (April 1, 2010 to March 31, 2011) for Leica. The members of the Board of Management received a 99 percent vote approving their actions. The auditors BDO Deutsche Warentreuhand were once again appointed to perform the audit both of the AG and of the Group as a whole. The AGM also confirmed the Supervisory Board membership of Patrick Thomas, a director of Hermès International SCA, and appointed businessman Christian Raoul Skrein-Bumballa to the Supervisory Board.

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The new Leica Compendium book should be available tomorrow

Update: the book is now available on LFI-online and Amazon.

The new limited edition of the Leica Compendium book by Erwin Puts should be available tomorrow. The new edition will include new pages, additional images and rewritten paragraphs. The price will be 78 Euros. The previous version is already sold out.

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The Leica wedding

The Leica Guy got married and of course the entire wedding had a Leica theme. Here is the Leica groom’s cake:

and the Leica .95 Noctilux ring:

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Leica’s new compact mirrorless system camera: priced between the X1 and M9, compatible with M-mount lenses

Richard Swan from Leica UK shared some details on their upcoming compact mirrorless system camera with TechRadar. The new product line will be placed somewhere between the X1 and M9 in terms of pricing. As previous reprots indicated, the camera will have at least an APS-C sized sensor. Another interesting comment was that “any future interchangeable lens cameras from Leica would be compatible with M-mount lenses“. Announcement will take place at Photokina 2012.

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Leica Summilux-C cinema lenses now shipping

Band Pro announced that the first sets of Leica Summilux-C cinema lenses have shipped from the new factory in Wetzlar, Germany. The Leica Cine lenses are exclusively distributed by Band Pro. A set of eight lenses costs $178,000. Here are three sample videos shot with the new Summilux-C cinema lenses and various cameras (Arri Alexa, Red Epic-M, Sony F35):

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Official statement by Leica Camera AG on the M9 / SD Card compatibility

Leica Camera has recently become aware of customers experiencing compatibility issues related to select types of new memory cards when used in the Leica M9.

First of all, we would like to thank you all for the lively participation on our call for assistance to solve the SD-card issue with the M9. With this information, we would like to give you the latest information on the status:
The facts from today’s point of view are:

  • Customers report that the camera stops working if shoot in burst mode and view images while others are still in the buffer.
  • We have a very limited number of customers approaching Leica for this issue. Most users do not have a problem.
  • If the fault occurs once, it can be reproduced.
  • Images can be lost in case of this malfunction and the card can be damaged/destroyed.
  • There are no indications that it is a firmware bug in the latest firmware 1.162.
  • It is not a general incompatibility of certain cards, the M9 is in general compatible with SDHC cards, including newer San Disk Class 10 and Class 1.

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