Leica has today announced a slight increase in income after tax but an overall drop in sales. Worst hit was compact camera sales which decreased by 44% "due to a temporary lack of digital camera models". The press release goes on to say " In July 2001 the Company finalised a basic agreement with Matsushita Electric Industrial Co., Ltd. of Osaka, Japan to jointly develop and manufacture digital still cameras. The presentation of the first Leica products to emerge from this partnership is scheduled for the spring of 2002." Just in time for PMA...
I picked up this press release primarily because it's the first solid indication from Leica that there will indeed be new digital camera products from their partnership with Matsushita, and that we're likely to see them at PMA 2002.
Leica Camera Group closes first quarter of fiscal 2001/2002 with slightly increased after-tax income
Increased sales of own value-added products largely make up for decreases in contractor-manufactured products. Restructuring programme continues according to plan.
Solms, August 31, 2001 Leica Camera Group, Solms, Germany, has closed the first quarter of fiscal year 2001/2002 (March 31) with a € 136,000 increase in income after tax, to € 160,000. Sales during the months of April to June were 5.6% below the comparable prior-year period, amounting to € 34.2 million. The Board of Management of Leica Camera AG regards the fact that the Company started into the new fiscal year according to plan as a confirmation of its expectation to achieve a doubling of after-tax income in the third year of the restructuring programme.
Due to the spin-off of Minox GmbH effective at the beginning of the current fiscal year and to a temporary lack of digital compact cameras the Companys planning provides for a slight decrease in sales for the twelve months period as a whole.
R&D expenditure was increased by € 168,000 to € 1.6 million. Commencing at the beginning of the coming calendar year the Company plans presentations of strategically important new products, especially in the sports optics and digital compact camera product lines.
The operating result for the period under review amounted to € 815,000, after € 889,000 in the first quarter of the previous year. The result from ordinary activities amounted to € 204,000, as compared to € 221,000 in the prior-year period. The extraordinary result of € 23,000 constitutes a € 66,000 improvement on the previous year. Together with a reduced tax load of the Companys foreign participations this development resulted in the above-mentioned improvement of income after tax from € 24,000 to € 160,000.
Sales by product line
Sales of system cameras slightly decreased - by 3.0% - to € 15.8 million. The cameras and lenses of the Leica M system as well as the re-edition of the Leica 0 series from 1923/24 altogether developed favourably. All 4,000 units of the historical LEICA 0 camera model having been sold and become unavailable at the manufacturer, new orders are now no longer taken. The planned decrease of the cameras and lenses of the Leica R SLR system was not as strong as the downturn of the world market for high-grade SLR cameras.
Due to a temporary lack of digital camera models, sales of compact cameras decreased by 44.2% to € 3.2 million. In July 2001 the Company finalised a basic agreement with Matsushita Electric Industrial Co., Ltd. of Osaka, Japan to jointly develop and manufacture digital still cameras. The presentation of the first Leica products to emerge from this partnership is scheduled for the spring of 2002.
With 16.1% sales growth to € 7.9 million the Companys sports optics product line showed a favourable development. The sports optics business, comprising binoculars, scopes and rangefinders, will be strengthened by the build-up of a European sales organisation targeting the relevant consumer groups.
At € 1.5 million, sales of projectors were better than the development of the market as a whole and only 6.4% below the previous year.
Sales by region
Sales in Europe decreased by 12.0% to € 17.5 million, with the German
market being more stable than the other European markets and declining
by 6.6% to € 8.9 million.
In the Asian/Australian region it was first of all the positive development in China and Korea that led to a 25.4% increase to € 7.5 million. In the NAFTA countries the Company recorded sales of € 8.7 million, down 15.1% on the previous year.
The General Meeting of Leica Camera AG will be held on September 27, 2001 in Solms.
May 10, 2004
May 10, 2004
Feb 11, 2004
Dec 11, 2003
|Nectar Dancing by Lensmate|
from A Big Year - birds
|Sad clown by PEB|
|Mtl Gen X 2015 DP by MarioSS|
from - Gen X - (In Full Colours+ Border)
Go behind the scenes with National Geographic photographer Renan Ozturk and see what it takes to capture a dangerous, harrowing, stunning Nat Geo photo essay.
Erez Marom tells the story behind this ominous photo of the sand 'reaching up' towards the mountains at Skagsanden beach in Norway. He calls this photo 'Torment.'
DPReview staffer Carey Rose has taken the Panasonic Leica DG 15mm F1.7 along for everything from a city-side boat ride to a bachelor party across the mountains. Find out how the little Leica fared.
Canon just unveiled the largest 12-ink printer on the market. The new imagePROGRAF PRO-6000 printer can make prints from 17 all the way up to 60 inches wide.
"Standing in one of the holiest places on earth, I felt uneasy," writes Wired's Jason Parham. "Most of my fellow visitors, I realized with a brief bloom of nausea, were taking selfies."
Christopher Nolan's Dunkirk has been receiving great reviews, but it's a challenge to see it in its full glory. This handy infographic reveals the aspect ratio chaos that is wrought as the industry retreats from film.
Anti-bullying organization Ditch the Label's Annual Bullying Survey 2017 reveals yet again that Instagram, more so than any other social network, has a the worst effect on youth mental health.
It's been a crazy day for innovative patent news. Apparently Sony is thinking of developing a medium format curved sensor camera.
An update to the Silkypix Raw converter fixes some bugs and adds support for several popular new cameras.
This crazy custom-built underwater camera shoots 8x10 large format film. It's supposedly "the first successful underwater 8x10 ever made," and it can be yours for $5,800... plus shipping.
Blackmagic just reveled a new accessory for their Cintel Film Scanner. The Cintel Audio and KeyKode Reader can capture KeyKode data and high-quality audio from film in real-time as it is being scanned.
A new Nikon patent shows a lens designed for a curved full-frame sensor. Could this be the high-end Nikon mirrorless camera people are hoping for?
The ability to shoot images at 1,000 fps first appeared in a Sony smartphone sensor. Now the Japanese manufacturer is using the same feature for industrial applications.
Astronomy expert and photographer Dr. Tyler Nordgren thinks you should "see your first eclipse, photograph your second." But if you do plan on taking photos this August, here are a few tips from someone who's been there.
How confident are you that you can spot a manipulated photo? A recent study at the University of Warwick shows that many people are pretty bad at it.
If you purchased a Leica TL2, do NOT attach Leica's Visoflex electronic viewfinder. Leica is working on a fix, but for now, it's possible the viewfinder will break your camera.
Google just released Motion Stills for Android. Unlike the iOS version, the Android app uses a redesigned video processing pipeline that processes each frame of a video as it is being recorded, creating instant results.
A huge copyright lawsuit between photography firm VHT and Zillow Group is heating up again, as both sides appeal a court ruling that granted VHT $4 million in damages.
European Space Agency astronaut Thomas Pesquet spent 6 months on board the International Space Station where he worked with Google capturing spheric panorama images that are now available in Street View.
It's official. PDN has confirmed with parent company Aurelius that 94-year-old lighting company Bowens is indeed going out of business.
The newly launched firmware version 1.06 fixes AF-issues that can occur with some lenses that are not officially compatible with the MC-11 converter.
Voyager is a waterproof smart light stick you can control entirely from your phone. The light has already blown past its $300K funding goal on Indiegogo.
2018 is the last year Photokina will take place during the traditional end-of-September dates. In 2019, Photokina will take place from the 8th to the 11th of May.
The Canon IXUS 50 (known as the SD400 Digital ELPH in North America) was one of a string of high-performing, pocketable PowerShots of the mid-2000s. In this week's throwback Thursday, Barney casts his mind back to 2005.
A close look at the EOS 6D II's Raw files suggest its dynamic range has taken a significant step backwards compared with the company's recent DSLRs. We look at how much difference this might make for your photos.
With a full-production review unit in our hands, we've got over 100 production samples from the new Canon EOS 6D Mark II to share.
Need a break from your day? Kick back and watch the making of a somewhat unconventional mojito filmed on Canon's new EOS 6D Mark II.
The Bonfoton Camera Obscura Room Lens can turn any room into a camera obscura, projecting the view from your window onto the walls of your room.
Adobe just released version 2015.12 of Lightroom CC, adding support for several new cameras and lenses, and baking in several important bug fixes while they were at it.
In this interview, Chiara Marinai, photo editor for VanityFair.com, explains exactly what she looks for in new photographers and photo submissions. Take notes.