Leica Camera AG doubles sales in first six months

In the first half of its current fiscal year (April 1 to September 30, 2010) Leica Camera AG, Solms, Germany, nearly doubled its sales: they increased to Euro 110.8 million (US$ 146.74 million), compared with Euro 59.5 million (US$ 78.8 million) in the year-ago period. The operating result reached Euro 13.9 million (US$ 18.4 million), exceeding the year-ago year figure by € 21.1 million (US$ 27.95 million).

According to a press release, the photo product group was particularly successful. Sales of cameras, lenses and accessories rose by approximately 140 %, from Euro 36.6 million (US$ 48.5 million) to Euro 87.7 million (US$ 116.15 million). Sales were driven by the Leica M9 rangefinder camera and the Leica S2 professional system. The Leica X1 compact camera labelled ”Made in Germany“ and the compact travel camera Leica V-Lux 20 also significantly contributed to the favorable development.

”After the successful turnaround in the previous fiscal year and the introduction of new products over the last few months, Leica now experiences a very positive development of business indeed,” commented Alfred Schopf, CEO of Leica Camera AG.  “We have recruited more than 30 new employees in manufacturing and are working at full speed to reduce the order backlog as quickly as possible. One thing is clear, however: No quickness at the expense of quality.”