OM-D and Pen sales help bring Olympus' imaging division back to profitability
Olympus has released its financial results for the first quarter of the company's fiscal year, giving credit partly to its Imaging Systems Business for a 12.3% increase in net sales year-on-year. Notably, its OM-D and Pen series cameras saw a 25% increase in sales volume, helping to compensate for a sliding compact market.
The Imaging business made a return to profitability as operating income climbed to 1.1 billion yen (about $8.8 million) compared to a loss of 1.9 billion yen (about $15.2 million) over the same period last year. Olympus credits the upward trend to solid sales of the OM-D E-M5 II and its 'Pro' M.Zuiko lenses, though the increase in income was also helped by reducing expenses.
Compact sales continued to slide, with sales volume down by 11% year-on-year, but the company offset a loss in units sold by limiting the number of models on the market and putting an emphasis on more expensive 'high-value-added' models.
Olympus' results tell a somewhat familiar story. Sony released its results earlier this week with modest gains in camera sales, stating that more expensive compact camera models helped push its overall sales numbers up.
Gear in this story
|Sproing! by BrassGlass|
from My Best Photo of the Fortnight
|Roman snow globe by Surfwalker|
from Lens Ball Challenge III
|_MG_2302 battersea 2 1500 by Pavel Kohout|
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