Leica Camera AG released their financial results for the 1st quarter of the fiscal 2012/2013 year. The key numbers: Sales are down 0.8 % at € 71.7 million (corresponding period last year: € 72.3 million) Earnings before interest and taxes (EBIT) after the first quarter: € 15.3 million (corresponding period last year: € 16.5 million). The EBIT margin decreased thus […]
Leica Camera may consider listing their stock in Hong Kong, the Hong Kong Economic Times reported. Alfred Schopf, Chief Executive Officer of Leica Camera AG, was cited as saying that the company will seek to strengthen its brand in the next three to five years following a stock delisting in Germany. He added that getting listed in […]
Update: it seems that this was a glitch in the system because e price is back to normal now. Leica Cameras’s stock (LCA1) jumped over 180% in the past few days. Since the company stock is not publicly traded, my understanding is that its price is calculated based on the value of the company – […]
The Leica Camera AG Board presented the Leica Camera AG annual report today. At the same time, it adopted a resolution containing a proposal on the appropriation of profits. On the corporate level, the established manufacturer of cameras and sport optics products achieved a 19.3 per cent increase in turnover against the previous fiscal year (01/04/2011 – 31/03/2012) to […]
Leica Camera reported 8.5% sales increase for the 3rd quarter of fiscal year 2011/2012 compared to same period from previous year. Earnings before interest and taxes (EBIT) is up 10.0%. The company added 79 new employees in 2011.
Today Leica Camera AG announced increased sales in the first half of fiscal year 2011/12. Sales and earnings forecasts for the remaining of the years were raised: Leica Camera AG, Solms, consistently pursues its course of innovation and growth in the first half of the current fiscal year 2011/2012. Following the record results in fiscal year […]
According to the WSJ, Leica Camera sold 44% of the company to Blackstone for €130 million ($179 million): “Though the price wasn’t disclosed, the deal is valued at roughly €130 million ($179 million), according to a person close to the matter.” In 2004 Dr. Kaufmann, bought 95% of the company for approximately €60 million ($82 million): “Mr. Kaufmann, a […]
Not really a big surprise since Leica has been looking for a sell since they turned around their finances. Why sell only 44%? My guess is that way Dr. Kaufmann can still own the majority (51%) of the company (he owned 95% of Leica’s stock: 95%-44% =51%). Here is the full press release: Leica […]
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