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 […]
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 […]
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 […]
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